Mirae Joint Stock Company announced that it has received VND 60 billion in funding from Mirae Fiber Joint Stock 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.