Phu Thanh Garment Joint Stock Company (HNX:MPT) announced a private placement of 20,000,000 shares at an issue price of VND 10,000 per share for gross proceeds of VND 200,000,000,000 on November 18, 2018. The transaction will include participation from strategic investors, Cong ty Co phan Quan ly quy Bong Sen for 2,000,000 shares, VietinBank Fund Management Company Limited for 5,000,000 shares, Kim Huy Fuel Company Limited for 3,000,000 shares, individual investors, Le Khanh Trinh for 1,400,000 shares, Cao Hoai Thanh for 1,250,000 shares, Nguyen Van Thao for 1,000,000 shares, Khieu Xuan Khuong for 1,050,000 shares, Tran Thi Thu Hien for 1,050,000 shares, Nguyen Thi Minh Tuyet for 1,050,000 shares, Nguyen Viet Tung for 1,000,000 shares, Nguyen Tien Dung for 1,050,000 shares, Giang Trung Kien for 550,000 shares, Hoang Thi Ha Phuong for 300,000 shares, Tran Ngoc Nam for 200,000 shares, and Nguyen Thi Thu for 100,000 shares. The shares are issued at par value. Upon closing, the charter capital of the company will increase from VND 155,520,000,000 to VND 355,520,000,000. The transaction has been approved at the Extraordinary General Meeting of shareholders of 2018 and is expected to close in the fourth quarter of the year after receiving the approval of the State Securities Commission of Vietnam. The securities being issued are subject to a hold period of one year from the closing.