On December 4, 2024, TTC AgriS announced its decision to restructure and divest its investments in companies that do not serve its core business activities and are not part of its development strategy. Specifically, TTC AgriS will divest from six companies, including Ho Chi Minh City Tourism Corporation (HOSE: VNG), Gia Lai Electricity Joint Stock Company (HOSE: GEG), Dang Huynh Industrial Park Investment and Management Joint Stock Company, Tan Hoi Industrial Cluster Infrastructure Investment Joint Stock Company, Tan Dinh Import-Export Joint Stock Company, and Toan Hai Van Joint Stock Company. The proceeds from these divestments will be reinvested into the company’s core business activities.
According to the announcement, TTC AgriS will divest its entire holding of 1.7 million shares in Ho Chi Minh City Tourism Corporation (HOSE: VNG) in December, followed by Tan Hoi Industrial Cluster Infrastructure Investment Joint Stock Company and the remaining companies in the portfolio.
TTC AgriS is divesting from six non-core businesses to focus on expanding its product portfolio and strengthening its presence in the FBMC (Food, Beverage, Milk, and Confectionery) market.
During the TTC AgriS Stakeholders Site Visit 2024 held in Tay Ninh on October 18, with the participation of over 70 partners from domestic and foreign financial institutions, TTC AgriS affirmed its commitment to finding suitable partners and accelerating the portfolio restructuring process. The company will focus on its core activities related to agriculture and the FBMC (Food, Beverage, Milk, and Confectionery) sector.
Ms. Dang Huynh Uc My, Chairman of the Board of Directors of TTC AgriS, shared the company’s commitment to finding suitable partners and accelerating portfolio restructuring at the TTC AgriS Stakeholders Site Visit 2024.
At the Annual General Meeting of Shareholders (AGM) for the 2023-2024 fiscal year, held on October 24, 2024, Ms. Dang Huynh Uc My, Chairman of the Board of Directors, shared the strategic business direction of TTC AgriS: “We have successfully integrated the Circular Trade Value Chain and Smart Agriculture Economic Model, aiming for a revenue target of VND 60,000 billion by 2030 and Net Zero by 2035. Moving forward, TTC AgriS will focus on investing in expanding our raw material sources and building additional food, beverage, and confectionery manufacturing facilities to closely align with our orientation of participating 100% in the global FBMC value chain. We will also actively divest and restructure our investment portfolio to focus on our core activities, aiming to bring higher value to our shareholders and stakeholders.”
The investment portfolio restructuring is a significant step in TTC AgriS’s strategy to concentrate its resources on core business activities and deepen its involvement in the FBMC market. The company is currently seeking and working with partners to divest from the remaining companies in the aforementioned portfolio of six companies.
In line with its new business model, TTC AgriS has been actively pursuing M&A activities in the food and nutritional beverage sectors. Specifically, in September 2024, TTC AgriS announced its completion of a AUD 1.5 million investment in East Forged, an Australian company specializing in cold-brew nitro tea production. In October 2024, TTC AgriS also announced its intention to invest in Ben Tre Import-Export Joint Stock Company (Betrimex), with a planned investment of up to 40% of Betrimex’s charter capital. Betrimex is currently a leading company in Vietnam in the production, distribution, and trade of coconut-based products.
Mr. Justin McGowan, Queensland Trade and Investment Commissioner (bottom row, left), Ms. Dang Huynh Uc My, Chairman of TTC AgriS (bottom row, right), Ms. Doan Vu Uyen Duyen, CEO of GMAA (top row, left), and Ms. Kym Cooper, Founder of East Forged (top row, right) at the signing ceremony held at the Queensland Trade and Investment Office, Australia.
First Quarter of FY 2024-2025: TTC AgriS Reports Positive Financial Results, with a Threefold Increase in Revenue.
The Ho Chi Minh City-listed TTC AgriS (HOSE: SBT) kicked off FY 2024-2025 on a positive note, with robust operational performance and a threefold increase in revenue from its FBMC segment, underpinned by improved gross profit margins.
“ĐHĐCĐ SBT: Pushing for Financial Restructuring and Core Business Focus, Asserts Ms. Đặng Huỳnh Ức My.”
On October 24, in Tay Ninh, TTC Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS, HOSE: SBT) successfully held its Annual General Meeting for the 2023 – 2024 term with the theme “TTC AgriS 55: Serving and Perfecting a Responsible Value Chain.”
The Chairman of TTC AgriS: Working in the Interests of 91% of Shareholders and Investors
In her capacity as Chairman of the Board of Directors of TTC Agri-Biotech Joint Stock Company (TTC AgriS) (HOSE: SBT), Ms. Dang Huynh Uc My has asserted the company’s commitment to ensuring fairness and transparency for its shareholders, investors, and stakeholders. As TTC AgriS attracts the participation of international investors and prominent financial institutions, Ms. My has emphasized the importance of equitable treatment and transparent disclosure for all involved parties.
Unleashing the Power of Words: Crafting a Captivating Title
“Sustainability Leadership: TTC AgriS’ Trailblazing Journey”
Agricultural giant, TTC AgriS, has once again exceeded expectations with its stellar performance. The company proudly announces record-breaking revenue and pre-tax profits, far surpassing annual targets. This remarkable achievement is a testament to their unwavering commitment to excellence and their unwavering pursuit of growth.
“Innovation for a Sustainable Future: Insights from Ms. Đặng Huỳnh Ức My at ‘Gateway to ASEAN 2024′”
On September 6, the UOB Singapore’s “Gateway to ASEAN” conference, themed “ASEAN: Crossroad to the World,” took place in Ho Chi Minh City. Ms. Dang Huynh Uc My, Chairman of the Board of Directors of TTC AgriS and Betrimex, participated in a panel discussion on “Innovation for Sustainability,” offering insightful solutions for businesses to thrive sustainably in the digital age.
