Danang Housing Development Joint Stock Company (HNX:NDX) announced private placement of 3,900,000 shares at a price of VND 10,000 per share for gross proceeds of VND 39,000,000,000 on October 26, 2020. The transaction will include participation from existing investors Danang Housing Investment Development Joint Stock Company (HNX:NDN) for 3,500,000 shares to hold 45.71% stake, Luong Thanh Vien for 200,000 shares to hold 2.52% stake, and Bui Le Duy for 100,000 shares to hold 3.82% stake, and new investor Mai Thi Thi for 100,000 shares to acquire 1% stake. The company has incurred expenses of VND 4,300,000 in the transaction.

The transaction is expected to close on October 30, 2020.