The Rise of Foreign Shareholders: Unveiling the Growing Ownership in TTC AgriS

On August 1, 2024, Legendary Venture Fund 1 (Legendary), a Singapore-based investment fund, reported that it had purchased an additional 5.7 million SBT shares, equivalent to a 0.77% voting stake. This brings its total ownership to 122.01 million shares, representing a 16.48% voting stake. Prior to this, in July, the fund had also increased its holdings in SBT by purchasing 32.45 million and 28.35 million shares in two separate transactions on July 19 and July 22, 2024, respectively.

Legendary specializes in investing in high-potential businesses across Asia. The fund identifies investment opportunities by assessing the intrinsic value and sustainable development strategies of enterprises. It prioritizes large-cap listed companies with sustainable business growth and has a particular interest in businesses with a strong Environmental, Social, and Governance (ESG) focus.

Chairman of TTC AgriS (SBT) affirms commitment to “green” business philosophy and targets 60 trillion VND in revenue

Commenting on the foreign fund’s continuous increase in ownership, Ms. Dang Huynh Uc My, Chairman of the Board of Directors of TTC AgriS, shared: “With the current global economic trends, TTC AgriS is open to collaboration with foreign investors who share our vision, business strategy, and especially have experience in the field of ESG. We believe that the partnership with international partners will help TTC AgriS expand its scale of operations and enhance its competitiveness in the international market. This is also an important step, marking our commitment to bringing sustainable value to our shareholders and contributing positively to the development of Vietnam’s agriculture sector.”

The extensive cooperation between TTC AgriS and a foreign investor with a shared vision, business strategy, and expertise in ESG is in line with the leadership’s development strategy to enhance the company’s position, helping it expand its operations and improve its competitiveness in the global market.

Chairman Ms. Dang Huynh Uc My continuously forges strategic partnerships for TTC AgriS in governance and green capital, aiming for a revenue target of 60 trillion VND by 2030

TTC AgriS announces outstanding business results, reaffirming its sustainable capabilities

According to the recently published business results for the 2023-2024 fiscal year, TTC AgriS demonstrated its sustainable growth capacity with consumption volume surpassing one million tons. The company achieved record-high revenue and profit figures, significantly outperforming its annual plan. Specifically, cumulative revenue reached 29,035 billion VND, a 17% increase compared to the previous year and a 41% surplus over the annual plan. Profit before tax amounted to nearly 906 billion VND, reflecting a 26% growth year-over-year and surpassing the plan by 7%.

TTC AgriS has consistently recorded revenue growth across fiscal years, aiming for a target of 60 trillion VND by 2030

In the fourth quarter of the fiscal year alone, revenue grew by 40% compared to the previous quarter, reaching 9,490 billion VND. Profit before tax also increased significantly by 67%, contributing over 224 billion VND to the annual profit. Notably, net profit amounted to nearly 214 billion VND, almost triple that of the previous quarter.

As of June 30, 2024, TTC AgriS continued to expand its scale with total assets increasing to 34,077 billion VND, a rise of over 14% compared to the beginning of the fiscal year. This reinforces the company’s strong financial position. The current ratio improved to 1.23, up from 1.16 in the previous fiscal year. The company also aims to restructure its finances, ensuring a robust financial statement aligned with its sustainable development strategy.

TTC AgriS is a pioneer in Vietnam when it comes to upgrading and standardizing its enterprise management system based on sustainable development principles. The company applies ESG standards across its governance, production, and business activities, constantly striving to meet stringent international norms. As a result, TTC AgriS has become an attractive investment destination for foreign investors seeking opportunities in Vietnam.