Vinaconex Investment and Tourism Development Joint-stock Company announced that it will issue 144,000,000 shares at an issue price of VND 10,000 per share for gross proceeds of VND 1,440,000,000,000 on October 14, 2020. The transaction will involve participation from less than 100 strategic investors. The shares are issued at their par value. The company will distribute the number of unsold shares and odd-lot shares to other entities with the prices which is not less than the issuing price for existing shareholders. The number of shares of this transaction shall be restricted in transfer within one year from the date of completing the share issuance as prescribed by the legal regulations. Undistributed shares will be distributed by the board of directors to other entities which will be restricted to transfer for one year. The transaction is expected to close between fourth quarter of 2020 to second quarter of 2021. The transaction is approved by the board of directors of the company. The transaction require approval of State Securities Commission.