Plastic Additives Joint Stock Company (HNX:PGN) announced a private placement of 1,650,000 common shares at a price of VND 10,000 per share for gross proceeds of VND 16,500,000,000 on August 18, 2020. The transaction will involve participation from individual investors, Chu Van Phuong, Nguyen Van Quang, Nguyen Sy Thanh, Tran Trung Duong, and Nguyen Quoc Binh for 300,000 shares, and Nguyen Van Ut for 150,000 shares. Prior to the transaction, Chu Van Phuong owned 40.91% stake in the company and had invested a total of VND 10,500,000,000, which post transaction will increase to VND 13,500,000,000. The transaction has been approved by the board of directors of the company through Resolution No. 1808/2020/NQ-HDQT