Southeast Asia Commercial Joint Stock Bank announced a private placement of 94,600,000 common shares at a price of VND37,032 per share for gross proceeds of VND 3,503,227,200,000 on July 3, 2023. The transaction included participation from Norfund. The transfer of shares will be restricted for 1 year from issuance.

The dossier of registration has been approved for the share private placement. The transaction has been approved by board of directors of the company. The transaction is expected to close in 2023 after being approved by the State Securities Commission of Vietnam.