Taseco Land, a leading real estate investment company, recently announced an extraordinary general meeting resolution to deploy a private placement plan to increase its charter capital. The company also disclosed the Board of Directors’ resolution on selecting a list of professional security investors. According to the extraordinary general meeting resolution, Taseco Land approved the private placement of 48.15 million shares at a price of VND 31,000/share, expecting to raise VND 1,492.65 billion. The surplus capital is estimated to be over VND 1,000 billion. With an approval rating of over 96%, the resolution showcases the strong support of the company’s shareholders for the capital increase plan.
Trading price of TAL shares during the morning session on September 4, 2025
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With an issuance ratio of 15.44% of the circulating shares, Taseco Land is expected to increase its charter capital to VND 3,600 billion. The offering is scheduled to take place in the third or fourth quarter of this year. The privately placed shares will be restricted from transfer for one year for professional security investors. This requirement underscores the investors’ long-term confidence in the potential of TAL shares.
The list of investors attracted the attention of the financial investment community, with foreign investors making up a significant portion. Notably, a group of foreign funds affiliated with Dragon Capital stood out: Vietnam Enterprise Investment Limited (7 million units), Hanoi Investments Holdings Limited (5.7 million units), Amersham Industries Limited (5.5 million units), DC Developing Markets Strategies Public Limited Company (1.4 million units), and Samsung Vietnam Securities Master Investment Trust Equity (0.4 million units). Combined, this group registered to purchase 20 million units, accounting for nearly 42% of the privately placed TAL shares on offer.
Foreign investment funds registered to purchase privately placed TAL shares
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On the domestic front, two securities companies, Saigon-Hanoi Securities JSC (SHS) and Vietnam Industrial and Commercial Bank Securities Company (CTS), registered to buy 8 million and 2 million units, respectively. Additionally, a group of individual investors registered to purchase 18.15 million units.
Post-offering, Taseco Group’s ownership in Taseco Land (TAL) is expected to decrease from 72.49% to 62.79%, maintaining its position as the dominant shareholder. Not only has TAL attracted capital, but it has also made a mark in the market. Since its official listing on the Ho Chi Minh Stock Exchange (HOSE) on August 1, 2025, with an opening price of VND 25,500/share, the share price has surged by 60% in just over a month, trading around VND 40,000/share, pushing its market capitalization to VND 12.5 trillion.
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– 12:00, September 4, 2025
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