Public joint-stock company Vyborg Shipyard (MISX:VSYD) announced a private placement of 397,000 common shares at a par value RUB 0.50 per share for gross proceeds of RUB 198,500 on June 15, 2018. The transaction will include participation from existing investor JSC United Shipbuilding Corporation. The transaction is subject to shareholder approval. The meeting of the shareholders will be held on 13 July 2018.