Military Insurance Corporation announced a private placement of 25,740,000 common shares at a price of VND 10,000 per share for gross proceeds of VND 460,000,000,000 on August 19, 2022. The shares will be issued at par. The transaction is expected to close on expected in 2022.

The charter capital of the company will increase from VND 1,644,500,000,000 to VND 1,930,500,000,000. The transaction has been approved by the board of directors of the company.