Benovas Medevices announced a private placement of 5,000,000 shares at a price of VND10,000 per share for gross proceeds of VND 50,000,000,000 on December 13, 2021. The transaction will include participation from Cuu Long Pharmaceutical Joint Stock Company for 3,075,000 shares for 61.5% stake in the company. The transaction has been approved by the board of directors of the investor.