The PAN Group Joint Stock Company (HOSE:PAN) announced a private placement of 20,312,500 common shares at an issue price VND 32,000 for the gross proceeds of VND 650,000,000,000 on February 17, 2014. The transaction is expected to close on March 17, 2014. The shares are issued at a par value of VND 10,000 per share.

The company will pay a fee of VND 374,320,000 in which VND 22,000,000 is audit fees, and VND 352,320,000 is other fee. The transaction will include participation from new investors GIC Pte. Ltd., TAEL Partners Ltd existing investors SSI Fund Management Limited, NDH Investment Co Ltd, CSC Vietnam Co., Ltd., PYN Elite Erikoissijoitusrahasto; a fund managed by PYN Fund Management Ltd. and individual investors Marco Breu, Micheal Louis Rosen, Kan Chan Hong Christopher, Fiachra Mac Cana, Tran Vu Hoai, Ha Thi Thanh Van, Hoang Thu Huong and Dang Kiet Tuong.