The Ho Chi Minh Stock Exchange Approves the Listing of Nearly 312 Million TAL Shares

Taseco Land is one of the four companies approved for uplisting to the HoSE in the first half of 2025, offering significant opportunities for business growth and enhanced capital-raising capabilities. It is also the second company within the TASECO ecosystem to list its shares on HoSE, alongside Taseco Air Services Joint Stock Company (AST).

Taseco Land’s Comprehensive Preparations for HoSE Listing

According to Decision No. 516/QD-SGDHCM dated June 27, 2025, the Ho Chi Minh City Stock Exchange has approved the listing of 311.85 million common shares of Taseco Land Investment Joint-Stock Company under the ticker symbol TAL.

Previously, Taseco Land’s shares were officially registered for trading on the UPCoM and had their first trading session in January 2024. In February 2025, Taseco Land completed a public offering of 14.85 million shares, increasing its charter capital to VND 3,118.5 billion as of today.

Compared to the expected timeline of the fourth quarter of 2025, as mentioned in the Annual General Meeting of Shareholders, the company completed the listing process five months ahead of schedule. This not only demonstrates the legal capabilities and thorough preparations of the management but also reflects their high level of proactiveness in the capital market expansion strategy.

The listing of TAL on the HoSE, the exchange with the highest standards of transparency and information disclosure, affirms the company’s quality and commitment to advancing its governance practices according to advanced financial norms. TAL is also one of the four enterprises approved for uplisting to the HoSE in the first half of the year, testifying to the market’s stringent selection process.

Consecutive Project Approvals Enhance Taseco Land’s Development Capabilities

In the first half of 2025, Taseco Land made significant strides by securing approvals and investment policies for numerous large-scale projects spanning from the North to the Central regions of Vietnam. As of the second quarter of 2025, the total land area of projects with Taseco Land as the investor reached nearly 750 hectares across three segments: urban residential areas, resorts, and industrial parks.

Right from the beginning of the year, Taseco Land expanded its land fund by nearly 100 hectares through successful auctions for the new urban area and pedestrian street projects in Thai Nguyen city (6.6 hectares) and winning bids for two significant projects in Tu Son town, Bac Ninh province. These include the urban, commercial, and service area project in wards Tam Son, Dong Ky, and Huong Mac (62.27 hectares) and the urban development project in Huong Mac and Phu Khe wards (30.47 hectares).

Taseco Land also has plans to initiate multiple projects in 2025, such as obtaining approval for detailed planning at a 1/500 scale and commencing compensation and site clearance for the Me Linh, Hanoi project (40.6 hectares). They will also commence construction on projects like the Trung Van Urban Area (Hanoi), the new urban area and pedestrian street in Thai Nguyen city center, the 115-hectare project in Ha Nam, the Quan Hau project in Quang Binh, and the Taseco Resort Danang (9 hectares). In addition to urban projects, Taseco Land has ventured into the industrial real estate segment with its first project, the 223-hectare Taseco Dong Van Industrial Park in Duy Tien district, Ha Nam province. According to the management’s update at the AGM, the industrial park business is promising, with approximately 65 hectares already booked, contributing to the company’s cash flow. Furthermore, Taseco Land is expediting processes to become the investor for a second industrial park project in July, aiming to increase its total land area to nearly 1,000 hectares by the end of the year.

The consecutive selection of Taseco Land as the investor for these large-scale projects is a clear testament to their development capabilities, financial strength, and legal reputation in the market.

Stable Asset Structure with Inventory Ready for Revenue Recognition

As of March 31, 2025, Taseco Land’s total assets amounted to VND 9,565 billion, including VND 680 billion in cash and bank deposits. Inventory accounted for nearly VND 3,700 billion, with other construction in progress valued at VND 1,307 billion, mainly attributed to projects such as Central Riverside (No. 4 Thanh Hoa), Nghi Son Central Park (Nguyen Binh, Thanh Hoa), Trung Van Urban Area, Taseco Long Bien Apartments, and the 115-hectare project in Ha Nam. These are key projects with significant potential to generate revenue and profits for the company in the coming years.

In July 2025, Taseco Land will launch the luxury apartment complex Taseco Long Bien while continuing to accelerate the implementation of other projects in Thanh Hoa and Thai Nguyen, attracting cash flow for the company this year.

Taseco Long Bien Central Luxury Apartment Project

To enhance its management and financial capabilities, Taseco Land is actively seeking strategic investors to raise capital, supplement its financial resources, facilitate additional project development, expand its land fund, and lay the groundwork for future growth. The listing on the HoSE is a crucial step in enhancing the company’s transparency and information disclosure, thereby attracting professional funds and institutional investors. This will enable efficient long-term capital mobilization, enhance the company’s brand image, and expand strategic cooperation opportunities.

Analysts believe that following its official listing on the HoSE, TAL shares will likely attract the attention of domestic investment funds due to its advantages, including a market capitalization of over VND 8,200 billion, a high ratio of freely transferable shares, and a diverse portfolio of projects under development in localities with significant infrastructure development potential.

TAL shares will also become eligible for margin trading six months after listing, increasing liquidity and appeal to individual investors. Additionally, TAL shareholders will receive a 15% cash dividend in July 2025. With this positive news, TAL shares rose 6% to VND 26,500 per share during the trading session on June 27.