With a market price of VND 6,220 per share, the deal could cost approximately VND 18.6 billion. Currently, TTC IZ holds 1.26% of SCR‘s charter capital, equivalent to more than 5.4 million shares, after completing a debt swap in 2024. This time, the company decided to buy more with an investment objective. Mr. Nguyen Thanh Chuong – who took office as Chairman of the Board of Directors of SRC since April 2024, is currently a member of the Board of Directors of TTC IZ.
SCR stock has recovered with the last 8 consecutive sessions gaining after touching a bottom of VND 5,000 per share in the middle of last January. Trading volume has also been more active with millions of units matched. Moreover, from February 17-19, 2025, more than 16.5 million shares were traded. Previously, SCR once peaked at nearly VND 25,000 per share (adjusted price) in 2022 but plummeted due to the common difficulties in the real estate market.
| SCR share price shows signs of slight recovery in early 2025 |
On the other hand, TTC Industrial and Urban Development Joint Stock Company (TTC Dang Huynh) – another member of the TTC Group, wants to sell its entire 0.148% stake in SCR, equivalent to about VND 4 billion at the current market price, to recover its investment capital. TTC Dang Huynh bought these shares on December 31, 2024, at a price of about VND 5,720 per share. If sold at VND 6,180 per share, the company could make an 8% profit in just over a month and a half.
In related news, the financial statements show that SCR divested its entire 11.2% stake in TTC IZ in Q4/2024 at a cost of more than VND 412 billion. This transaction helped the company record an investment income of VND 236 billion, thereby dramatically escaping losses and maintaining a streak of “profitable” quarters thanks to the real estate transfer business below cost. By the end of 2024, SCR still held 7.06% of TTC Dang Huynh’s capital, up from 1.52% at the beginning of the year.
TTC IZ and TTC Dang Huynh are both pieces in the industrial park segment of the TTC Group. TTC IZ is the investor of the 1,020-hectare Thanh Thanh Cong Industrial Park in Tay Ninh, while TTC Dang Huynh mainly operates in the field of factory leasing and real estate business.
 Members of the industrial park segment within the TTC ecosystem. Source: TTC
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– 15:50 20/02/2025
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