Thang Long Urban Development and Construction Investment Joint Stock Company announced a private placement of 38,000,000 shares at an issue price of VND 10,000 per share for gross proceeds of VND 380,000,000 on December 23, 2021. The transaction has been approved by the Extraordinary General Meeting. The transaction will include participation from strategic investors for 10,000,000 shares and professional investors for 28,000,000 shares.

The transaction is expected to close in quarter I of 2022 after approval from the State Securities Commission.