Vietnam Pattern Manufacture and Precision Mechanical Company Limited announced that it expects to receive VND 30 billion in funding from Hanoi Plastics Joint Stock Company

Vietnam Pattern Manufacture and Precision Mechanical Company Limited (VMC) announced a private placement of common shares with returning investor Hanoi Plastics Joint Stock Company (HOSE:NHH) for gross proceeds of VND 30,000,000,000 on December 7, 2020. The transaction was approved by the board of directors of the investor. The expected charter capital after the transaction will be VND 80,000,000,000. The company expects to close the transaction before December 15, 2020.