Pham Tien Hoai – Chairman of the Board of Directors, TT6
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Pham Tien Hoai, Chairman of the Board of Directors at TT6, has registered to purchase an additional 2.6 million shares of TT6 from October 2nd to 31st. This move aims to increase his ownership stake from 53.23% to 65.76%, equivalent to over 13.5 million shares, further solidifying his position as the company’s sole major shareholder.
Notably, this acquisition follows the Annual General Meeting’s approval to exempt Hoai from making a public tender offer for nearly 2.6 million shares held by three other shareholders. The written ballot results, finalized on September 18th, confirmed Hoai’s exemption for up to 1 million shares from Pham Duy Binh, 851,000 shares from Le Van Tuyen, and 726,000 shares from Tran Tuan Anh.
Based on TT6‘s closing price of VND 6,200 per share on September 29th, the additional shares Hoai intends to purchase are valued at approximately VND 16 billion. Despite a 35% recovery from its April 2025 low, TT6‘s share price has declined by 22% over the past year and remains 54% below its peak of VND 13,500 per share when it first listed in August 2024.
| TT6’s share price has declined steadily since its listing |
Dividend Plan and Revised Share Offering Strategy
In addition to the tender offer exemption, the Annual General Meeting also approved the issuance of 2.26 million shares as a dividend for 2024, representing an 11% dividend rate. The capital for this issuance will come from undistributed after-tax profits, with implementation expected in Q4 2025 pending approval from the State Securities Commission.
Shareholders also agreed to cancel the previous plan to offer 5.1 million shares (25%) to existing shareholders, as per the 2024 Annual General Meeting resolution. Instead, a new plan was approved to offer up to 10.3 million shares (45%) at VND 10,000 per share—61% above the current market price. If successful, TT6‘s chartered capital will increase to nearly VND 331 billion, including the dividend shares.
The anticipated proceeds of VND 103 billion will be allocated as follows: VND 30.8 billion for debt repayment, over VND 20.5 billion for purchasing goods and raw materials, and approximately VND 51.3 billion for investing in machinery and equipment. Disbursement is scheduled to begin in Q2 2026.
In terms of business performance, TT6 reported record revenue of VND 151 billion and net profit of VND 7 billion in the first half of 2025, up 51% and 3.5 times year-on-year, respectively. These results, achieved with minimal cost increases, enabled TT6 to meet 42% of its annual revenue target and 47% of its profit goal.
| TT6’s H1 2025 Financial Performance |
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Established in 2014 in Hau Giang, Tien Thinh specializes in processing and exporting agricultural products, particularly fruit juices and derivatives. The company transitioned to a joint-stock company in 2021 and began trading on UPCoM in August 2024. |
– 14:48 29/09/2025
The Rare Juice Producer Listed Seeks Further Funding to Repay Debts.
“Tien Thinh Group JSC (UPCoM: TT6) expects to raise over VND 51 billion if it successfully sells over 5.1 million shares to existing shareholders at a price of VND 10,000 per share, according to a proposal sent to shareholders during the ongoing written ballot.”
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