VNECO 3 board approves private placement to boost capital

VNECO 3 Electricity Construction JSC's board of directors has approved a private placement of shares, targeting strategic and professional domestic investors to enhance its capital base. The resolution, effective from the signing date of September 8, 2025, outlines the criteria for eligible investors and the planned allocation of shares.

The company aims to distribute 2,080,290 shares, representing 70.48% of the company’s ownership post-issuance, to one identified investor, Le Thi Hong Thuy. This individual, classified as a professional investor, is set to acquire 316,000 shares. The board ensures this private placement will not increase foreign ownership, aligning with regulatory compliance.

The board also granted authority to the general director to update and supplement necessary documents for the private placement submission to the State Securities Commission. This move follows previous resolutions from both extraordinary and annual general meetings in 2025, underscoring the company's commitment to adhering to legal frameworks and shareholder interests.