Vietnam Pattern Manufacture and Precision Mechanical Company Limited (VMC) announced a private placement of common shares for gross proceeds of VND 19,031 million on February 10, 2020. The transaction will involve participation from returning investor Hanoi Plastics Joint Stock Company (HOSE:NHH). The transaction has been approved by the investor parent’s board of directors. Post-closing of the transaction, the charter capital of the company is expected to be VND 50 billion. The transaction is expected to close in the first quarter of 2020.