Hung Vuong Corporation (HOSE:HVG) announced a private placement of maximum 20,000,000 common shares at a price VND 10,000 per share for gross proceeds of VND 200,000,000,000 on February 28, 2020. The transaction will include participation from Truong Hai Auto Corporation and other investors. The transaction was approved at the annual general meeting of shareholders. The shares issued will be subject to a hold period of one year from the date of issue.