Mirae Joint Stock Company (HOSE:KMR) announced a private placement of 8,000,000 shares at VND 10,000 per share for gross proceeds of VND 80,000,000,000 on April 23, 2016. The transaction will include participation from returning investor Mirae Fiber Tech Co., Ltd. The shares will be subject to restriction from transfer for a period of one year from issuance. The transaction has been approved at its Annual General Meeting of 2016.