BW Industrial Development JSC announced that it will receive VND 5,096,466,430,000 in an equity round of funding from returning investor Investment and Industrial Development Corporation on October 4, 2021. The round will take place in 2 phases. In Phase 1, the company will receive the the proceeds of VND 844,639,930,000 and is expected to receive no later than December 31, 2021. In 2nd phase, the company will issue 68,430,000 shares at a price of VND 10,000 per share at par value of VND 10,000 per share for the proceeds of VND 684,300,000,000 to to existing shareholders and is expected to receive no later than June 30, 2022 and the subscription date is no later than November 30, 2021. On post completion, the investor will OWN VND 13,774,784,550,000 and 30% stake in the company.