Ho Chi Minh City Development Joint Stock Commercial Bank announced a private placement of up to 98,000,000 shares at a price of VND32,000 for the gross proceeds VND3,136,000,000,000 on December 19, 2017. The transaction involved participation from Sovico JSC for 38,200,000 shares and Nguyen Thi PhuongThao for 17,600,000 shares.