Tan Tao Investment Industry Corporation (HOSE:ITA) announced a private placement of 100,000,000 common shares at VND 6,600 per share for gross proceeds of VND 660,000,000,000 on January 18, 2014. The shares are of par value VND 10,000 each. The shares were subscribed by TanTao Group JSC, Tan Tao Infrastructure, and Vu Thi Nga for 69,194,503 shares, 28,083,009 shares, and 2,722,488 shares, who will thereby own 10.64%, 3.9%, and 0.96% stakes respectively in the company pursuant to the transaction.

On January 18, 2014, Tan Tao Investment Industry Corporation closed the transaction.