An Pha Petroleum Group Joint Stock Company (HOSE:ASP) announced a private placement of 14,670,000 common shares at VND 10,000 per share for gross proceeds of VND 146,700,000,000 on May 14, 2014. Returning investor Saisan Joint Stock Company will subscribe for 13,500,000 shares.

On June 30, 2014, the company announced that the board of directors approved the transaction. Dinh Ngoc Hai will subscribe for 1,170,000 shares. All securities to be issued will have a hold period of four months. Each shares to be issued will be have a par value of VND 10,000.

On July 30, 2014, the company started with the transaction.