Vietnam Investment Securities Company (HNX:IVS) announced a private placement of 35,350,000 common shares at a price of VND 10,800 for gross proceeds of VND 381,780,000,000 on August 20, 2019. The transaction will involve participation from new investor Guotai Junan International Holdings Limited (SEHK:1788). The shares will carry par value of VND 10,000.

The company will not pay any expenses with respect to the transaction. The shares will be subject to a one year hold period. The transaction has been approved by the board of directors of the company.