Vietnam Prosperity Joint Stock Commercial Bank announced a private placement of 1,190,500,000 shares at a price of VND 30,159 per share for gross proceeds of VND 35,904,289,500,000 on July 12, 2023. The transaction will include participation form returning investor, Sumitomo Mitsui Banking Corp., Investment Arm. The transaction has a transfer restriction of 5 years from the ending of the offering.

The transaction is expected to close in quarter 3/2023 or quarter 4/2023. The transaction has been approved by the board of directors of the company. The transaction is subjected to approval from the regulatory commission.