Central Area Electrical Mechanical Joint Stock Company announced that it expects to receive VND 40 billion in funding from Austdoor Group Joint Stock Company

Central Area Electrical Mechanical Joint Stock Company announced a private placement to issue 4,000,000 common shares at a price of VND 10,000 per share for gross proceeds of VND 40,000,000,000 on June 10, 2022. The charter capital after issuance will be VND 80,000,000,000. The securities are issued at a par value of VND 10,000 per share.

The transaction will include participation from professional securities investors including returning investor Austdoor Group Joint Stock Company for VND 30,000,000,000, Nguyen Ngoc Kien for VND 6,900,000,000, Doan Thi Hong An for VND 3,100,000,000. The transaction was approved at the Annual General Meeting of Shareholders 2022 of the company. The securities are subject to hold period for 1 year from the date of completion of the issuance.