Hong Ha Food Investment Development Joint Stock Company announced a private placement of 18,000,000 common shares at a price of VND 10,000 per share for the gross proceeds of VND 180,000,000,000 on October 3, 2023. The transaction will include participation from less than 100 investors. The shares are restricted to a hold period of 3 years from the ending of the issuance. The transaction has been approved in the 1st extraordinary general meeting of shareholders in 2023.

On October 12, 2023, the company announced that the transaction has been approved by the shareholders of the company and 6,000,000 shares will be subscribed by strategic investors and 12,000,000 shares for professional securities investors.