Nam Long Investment Corporation announced a private placement of 60,000,000 shares to qualified strategic, professional local and foreign institutions/individuals on April 24, 2021. The company will issue shares at 10-15% discount but not less than VND 30,000. The transaction is subject to approval from State securities Commission of Vietnam.

The transaction has been approved by the shareholders of the company. The securities to be issued will be subject to hold period of 1 year from date of issuance.