PetroVietnam Power Engineering Consulting Joint Stock Company announced a private placement of 18,500,000 shares at an issue price of VND 10,000 per share for gross proceeds of VND 185,000,000,000 on April 28, 2022. The transaction will include participation from strategic investors, professional securities investors with financial capacity, including existing shareholders. The transaction has been approved in the general meeting of shareholders.

All securities issued in the transaction have a hold period of one year. The transaction is expected to close in 2022.