De Tam Joint Stock Company (HOSE:DTA) announced a private placement of 5,000,000 common shares at VND 10,000 per share for gross proceeds of VND 50,000,000,000 on January 9, 2018. The transaction will include participation from strategic investors. Tran Cao Thanh will subscribe to 600,000 shares, Nghiem Phu Hoang will subscribe to 710,000 shares, Nguyen Dinh Thi will subscribe to 790,000 shares, Pham Thi Binh will subscribe to 750,000 shares, Bui Dinh Man will subscribe to 700,000 shares, Nguyen Thi Mai Huong will subscribe to 700,000 shares, and Ngo Quang Dao will subscribe to 750,000 shares in the transaction. The company expects to issue the securities within 90 days from the date of receipt of approval from the State Securities Commission of Vietnam. The securities issued are subject to one year hold period. The transaction has been approved by the board of directors of the company.