Power Biwase – Construction Joint Stock Company announced a private placement of common shares for the gross proceeds of VND 80,000,000,000 on September 3, 2020. The transaction include participation from new investor Binh Duong Water - Environment Joint Stock Company (HOSE:BWE) for VND 50,400,000,000 and 63% stakes in the company and also include participation from other investors. The transaction has been approved by board of director of the company.