NHOA S.A. announced that it will issue not more than 9,575,145 shares at a price of ?10.96 per share for gross proceeds of ?104,943,589.2 on November 18, 2021. The transaction will include participation from existing investor Taiwan Cement Corp. Post completion of the transaction, the investor will hold 70.07% stake in the company. The transaction has been approved by the board of directors of the investor.