Sao Ta Foods Joint Stock Company announced a private placement of 6,538,889 common shares at VND 50,000 per share for gross proceeds of VND 326,944,450,000 on November 11, 2021. The transaction will include participation from C.P. Vietnam Livestock Corporation. The transaction was approved at the general meeting of shareholders of the company. On closing, the estimated charter capital of the company will be VND 653,888,890,000. The transaction is expected to close in 2022, after being approved by the State Securities Commission of Vietnam (SSC).