Binh Duong Water - Environment Joint Stock Company (HOSE:BWE) announced a private placement of 12,000,000 common shares at a price of KRW 1,290.3 per share for gross proceeds of KRW 15,483,600,000 on October 7, 2020. The transaction will include participation from new investor TSK Corporation to acquire 6.4% stake in the company. The transaction was approved by the board of directors of the investor, and is expected to close on October 21, 2020.