Dong A Paint Joint Stock Company (HNX:HDA) announced a private placement of 605,263 common shares at a price of VND 10,000 per share for gross proceeds of VND 6,052,630,000 on December 30, 2017. The shares are issued at par. The transaction was approved by the board of directors of the company. The transaction will include participation from new investor Viglacera Ceramic Tiles Trading Joint Stock Company. The investor will acquire a total of 5% stake in the company through this transaction. The transaction is expected to close in 2017 or 2018.