Shark Tank Vietnam – ‘Thương Vụ Bạc Tỷ’, the reality TV show about fundraising and entrepreneurship, has entered its 7th season, featuring dozens of entrepreneurs.
Among the “hot seat” entrepreneurs of Shark Tank, many are leaders of publicly traded companies listed on the stock exchange or have issued bonds and are required to disclose their financial statements periodically. This provides investors and the public with an opportunity to assess the sharks’ business performance.
Mr. Dang Hong Anh, who participated in Shark Tank season 2, currently manages a series of enterprises within the TTC Group ecosystem, including the publicly traded company Saigon Thuong Tin Real Estate Joint Stock Company – TTC Land (code: SCR). At TTC Land, Mr. Hong Anh serves as Vice Chairman of the Board of Directors.
TTC Land was established in 2004 by merging Sacombank’s real estate trading centers. In 2016, SCR stocks were listed on HoSE. According to the audited consolidated financial statements for the first six months, TTC Land’s profit after tax reached VND 659 million, an 88% decrease compared to the self-prepared report (reported a profit of VND 5.7 billion). The company attributed this profit “evaporation” to differences in tax calculation between the company and the auditing firm.
TTC Land’s profit after tax decreased by more than 88% after the audit.
In the first half of this year, TTC Land’s assets did not fluctuate much compared to the beginning of the year. The company’s payables exceeded VND 5,744 billion, surpassing owners’ equity (VND 5,123 billion). Many of TTC Land’s assets, including land use rights and real estate in various projects, are used as collateral for bank loans, including TTC Plaza Duc Trong Commercial Center project, Phu Quoc project, District 7 in Ho Chi Minh City, Da Nang, etc.
Recently, TTC Land has liquidated two subsidiaries (TTC Land Hung Dien and TTC Land Retail Management) and temporarily suspended business for one year for TTC Land Phu Quoc to restructure its subsidiary group and optimize operations.
In addition to his role at TTC Land, Mr. Hong Anh is also the Chairman of DHA Investment One-Member Co., Ltd. (DHA Corp.). This enterprise recently submitted its semi-annual financial statement to HNX, reporting a profit after tax of just over VND 327 million, an 88% decrease compared to the same period last year. DHA Investment’s equity reached VND 978 billion, and its debt-to-equity ratio increased from 2.59 to 2.84, indicating a debt of VND 2,778 billion. The outstanding bond balance stands at over VND 352 billion.
DHA Investment operates in four main fields: real estate, sports, healthcare, and commercial flooring. In the real estate sector, the company promotes projects such as the D-Island Eco-Tourism Resort (Hon Dua, Phu Quoc); D-Felia (An Phu Dong Ward, District 12, Ho Chi Minh City); D-Aqua (District 8, Ho Chi Minh City); D-Homme Project (Hong Bang Street, District 6, Ho Chi Minh City); and D-One Saigon (Go Vap District, Ho Chi Minh City), among others.
Additionally, several other Shark Tank “sharks” have encountered business difficulties, and some have even faced legal issues, including Shark Thuy, Shark Tam, Shark Khai, and Shark Lien.
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