Mobile World Investment Corporation (HOSE:MWG) announced a private placement of a maximum of 6,700,000 shares at a maximum issue price of VND 110,000 per share for gross proceeds of VND 737,000,000,000 on December 7, 2017. The shares will be issued at a premium. The shares will be issued between November 2017 and December 2017. The transaction is subject to approval from the Securities Commission of Vietnam. Post the closing of the transaction, the charter capital of the company will increase to VND 3,144,657,890,000. The total number of shares to be issued represent 2.18% of the outstanding shares issued by the company. The shares to be issued in the transaction will be subject to a hold-up period of one year from the date of closing. The transaction has been approved by the board of directors of the company.