Nova Nippon Joint Stock Company announced a private placement of 105,877,970 shares at a price of VND 10,000 per share for gross proceeds of VND 1,058,779,700,000 to existing investor No Va Land Investment Group Corporation (HOSE:NVL) on May 3, 2019. The investor will continue to hold its 99.98% stake in the company. The total investment by investor will increase to VND 1,078,775,700,000 or 107,877,570 shares. The transaction has been approved by the board of directors of investor vide resolution numbers 36/2018-NQ.HÐQT-NVLG and 37/2018-NQ.HÐQT-NVLG.