Mirae Joint Stock Company (HOSE:KMR) announced a private placement of 6,000,000 shares at VND 10,000 per share for gross proceeds of VND 60,000,000,000 on June 5, 2012. Chairman, Shin Young Sik and member of the management board, Lim Jeong Yul will invest. The transaction is expected to close in October and is subject to approval from the shareholders of the company.

On April 27, 2013, the company announced that the transaction was approved by the shareholders at the Annual General Meeting. The company will issue the shares to Mirea Fiber Tech, Shin Young Sik, and Lim Yeong Yul.

On December 31, 2013, the company amended the terms of the transaction. The company announced that the transaction was approved by the board of directors. The transaction will include participation from existing investor, Mirae Fiber Joint Stock Company which will invest VND 56,000,000,000 and Shin Young Sik to invest VND 4,000,000,000.

On October 8, 2014, Mirae Joint Stock Company closed the transaction. The transaction started on February 12, 2014. The company did not incur any expenses in the transaction. The shares issued in the transaction have a transfer restriction of one year from closing date. After the completion of the transaction, Mirae Fiber Joint Stock Company holds 26.24% stake in the company and Shin Young Sik holds 10.59% stake in the company.