Licogi16 Joint Stock Company (HOSE:LCG) announced a private placement of 22,000,000 shares at a price of VND 10,000 per share for gross proceeds of VDN 220,000,000,000 on April 26, 2017. The transaction will involve participation from domestic individuals and institutions, as well as foreign individuals and institutions. The transaction has been approved by the board of the company.