Binh Phuoc Infrastructure Construction Investment Joint Stock Company announced a private placement of common shares for gross proceeds of VND 80,000,000,000 on August 31, 2020. The transaction will include participation from Investment and Industrial Development Corporation (HOSE:BCM). The transaction has been approved by the board of directors of the investor. Post the transaction the charter capital of the company will increase to VND 600,000,000,000. The transaction is expected to close on or before November 30, 2020.