Indochine Import Export Investment Industrial Joint Stock Company announced private placement of 14,000,000 shares at a price of VND 14,000 for gross proceeds of VND 196,000,000,000 on June 12, 2020. The shares will be issued at premium of VND 4,000 per share to par value of VND 10,000 per share. Shares issued cannot be transferred for a period of 1 year from issue. The transaction is expected to close on July 28, 2020.