Viettel Global Investment JSC (Viettel Global) successfully issued 800 million shares in the form of private placement, mobilising VND8 trillion (US$360.4 million) to become the company mobilising the largest amount of money this year.

The State Securities Commission received results of the private stock offering of Viettel Global on December 14, Tri Thuc Tre online newspaper reported.

According to the resolution of the company’s 2016 annual shareholders’ meeting, the company issued 800 million shares with an offering price of VND10,000 per share to invest in new markets over the next three years, increasing its market scale to 350 million people.

The successful capital mobilisation lifts the charter capital of Viettel Global from VND14.4 trillion to VND22.4 trillion.

Viettel Global was established in October 2006 when its parent company, Viettel Group, decided to expand business overseas. Up to now, the company has accessed and developed its market in Cambodia, Laos, Haiti, Mozambique, Timor-Leste and Cameroon. 

VNS