Viteco Vietnam Telecommunications Technology Joint Stock Company (HNX:VIE) announced a private placement of 938,756 common shares at an issue price of VND 10,000 per share for gross proceeds of VND 9,387,560,000 on September 5, 2019. The transaction will involve participation from strategy investors of the company. The shares issued in the transaction will have a hold period of 1 year, post the closing of the transaction. The transaction has been approved by the board of directors of the company in its board resolution no. 06/ 2019/ VIE/ NQ – HDQT. The company has approved the list of the investors at the 2nd Extraordinary General Meeting of Shareholders of 2019. The shares will be issued within now over 90 days from the date of receiving the approval from the State Securities Commission of Vietnam. The transaction is expected to close in Quarter 3 of 2019.