Ngoc Lac Xanh Agricultural Products JSC announced a private placement of 5,500,000 shares at a price of VND 10,000 per share for gross proceeds of VND 55,000,000,000 on November 10, 2021. The transaction will include participation from existing investor, Hong Ha Food Investment Development Joint Stock Company for 2,500,000 shares at a price of VND10,000 per share for VND 25,000,000,000. After the completion of the transaction, investor will retain 45.45% stake in the company.

The transaction has been approved by the board of directors of Hong Ha Food Investment Development Joint Stock Company. The capital of the company will increase from VND 55,000,000,000 to VND 110,000,000,000.