Taseco Real Estate Investment Joint Stock Company (Taseco Land, code: TAL) has approved August 19, 2025, as the record date to seek shareholders’ approval via written resolutions.
Accordingly, shareholders will consider the plan to issue private placement shares to professional securities investors. The time and venue for the implementation, as well as the detailed issuance plan, have not yet been announced by Taseco Land.
Taseco Land plans to issue private placement shares following the first trading session of TAL shares on HoSE on August 1, 2025.
The company’s transfer to HoSE was approved by shareholders at the 2025 Annual General Meeting of Shareholders held on April 21, 2025. As of now, the parent company, Taseco Group Joint Stock Company (TASC), holds 72.89% of TAL shares.
In terms of business performance, in the second quarter of 2025, Taseco Land recorded net revenue of VND 557 billion, a decrease of 11.5% compared to the same period last year. Thanks to a 19% reduction in cost of goods sold, gross profit increased by VND 15 billion to VND 185 billion.
During the quarter, the company’s financial expenses decreased by 36% to VND 51.2 billion, offsetting the threefold increase in selling expenses, which amounted to VND 34 billion.
As a result, Taseco Land reported an after-tax profit of VND 37.6 billion, 5.4 times higher than the same period last year.
For the first six months of 2025, Taseco Land recorded net revenue of VND 933 billion, a slight decrease of VND 6 billion. Due to improved gross profit margin, the company’s after-tax profit reached VND 60 billion, 3.51 times higher than the same period in 2024.
According to the 2025 plan, Taseco Land targets consolidated revenue of VND 4,332 billion and after-tax profit of VND 536 billion. The real estate segment is expected to contribute VND 3,709 billion, construction VND 239 billion, and services – industrial infrastructure VND 384 billion.
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The Ho Chi Minh Stock Exchange (HoSE) has announced that it will add the ticker symbol TAL, representing Taseco Real Estate Investment Joint Stock Company, to the list of securities ineligible for margin trading. This decision has been made due to the company’s short listing period of less than six months.
