T-Corp Asset Management Group JSC (stock code TVC) has announced its plan to repurchase treasury shares. The company intends to buy back 15 million shares through both agreement and order matching, scheduled from October 6 to November 4, 2025.
The repurchase will utilize capital from various sources totaling over VND 500 billion, including undistributed after-tax profits (VND 401.5 billion), share premium (VND 52 billion), development investment fund (nearly VND 24 billion), and other equity funds (VND 23.5 billion).
The purchase price will not exceed the reference price plus 50% of the stock’s price fluctuation range based on the reference price.
In the market, TVC shares closed at VND 11,200 per share on October 1, marking a nearly 8% increase since the beginning of 2025. Based on this price, the treasury share repurchase is valued at approximately VND 168 billion.
Upon completion, TVC’s total shares will decrease to over 95.6 million, reducing its charter capital to more than VND 956 billion.
The repurchase of 15 million treasury shares was approved at TVC’s 2025 Annual General Meeting. According to Chairwoman Nguyen Thi Hang, with accumulated profits exceeding VND 300 billion, the company plans to allocate VND 200 billion for the share repurchase and distribute a 10% dividend for 2021. If 2025 results are favorable, TVC may pay an interim dividend of approximately 6% by year-end.
Previously, TVC repurchased 8 million treasury shares between December 18, 2024, and January 15, 2025.
For 2025, the company set conservative targets with total revenue of VND 350 billion and after-tax profit of VND 150 billion, down 40% and 66% year-on-year, respectively.
In the first half of 2025, TVC’s after-tax profit plummeted 87% year-on-year to VND 37 billion, driven by declining revenue and the absence of financial expense provision reversals seen in the same period last year.
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