Alphanam E&C Joint Stock Company announced a private placement of 40,000,000 common shares at an issue price of VND 10,000 per share for gross proceeds of VND 400,000,000,000 on May 31, 2022. The transaction included participation from returning investor, Alphanam Investment Joint Stock Company for 39,000,000 common shares, and returning individual investor, Nguyen Minh Nhat for 1,000,000 common shares. Post closing, Alphanam Investment Joint Stock Company stake in the company will increase to 83.01%, and Nguyen Minh Nhat stake in the company will increase to 4.32%.

The company paid Consulting fee VND 162,000,000 and owner's equity audit fee VND 32,400,000 for a total expenses VND 194,400,000. The shares have a hold period of one year from the date of completion of the offering.