Quang Ninh Construction and Cement Joint Stock Company (HNX:QNC) announced a private placement for 11,278,091 shares at a price of VND 10,000 per share for gross proceeds of VND 112,780,910,000 on November 7, 2020. The transaction will include participation from individual investor To Ngoc Hoang. Post the transaction the investor will acquire 25.64% stake in the company. The shares are issued at par. The company paid VND 132,000,000 as advisory fees in the transaction, bringing the net proceeds to VND 112,648,910,000. The transaction is expected to close on February 1, 2021.