The Board of Directors of Saigon Thuong Tin Real Estate Joint Stock Company (TTC Land – code: SCR) announced on October 3rd the approval of acquiring up to 27.54 million shares (equivalent to 51% of the charter capital) of Tin Nghia – A Chau Investment Joint Stock Company (TNAC). TNAC is the owner of the Centria Island eco-urban project in Dong Nai.
The transaction value is expected not to exceed 10% of TTC Land’s total assets as per the latest financial report. The acquisition is projected to be completed between Q4/2025 and Q1/2026.
Centria Island: A Strategic Asset Worth VND 7.2 Trillion in Bien Hoa
Tin Nghia – A Chau Investment Joint Stock Company (TNAC) is the developer of the Cu Lao Tan Van project, recently rebranded by TTC Land as Centria Island.
Project Rendering
Approved by the Dong Nai Provincial People’s Committee in 2009, TNAC is founded by three shareholders: Tin Nghia General Corporation (51%), Asia Commercial Bank (ACB) (10%), and A Chau Investment Joint Stock Company (39%).
Spanning 48 hectares in Tan Van Ward, Bien Hoa City, Dong Nai, Centria Island is the only isolated “island” project in the area, surrounded by the Dong Nai River and natural streams. The total investment is estimated at VND 7.2 trillion, featuring 571 townhouses and single/semi-detached villas.
TTC Land has identified Centria Island as a key project. With complete legal approvals, the project is expected to generate revenue between 2026 – 2027. Partial sales are planned for 2025, with official sales launching in September 2026.
In the first six months, TTC Land achieved VND 519 billion in net revenue (up 260%) and VND 50.69 billion in pre-tax profit, meeting its 2025 targets. This success stems from the handover of the TTC Plaza Danang commercial podium and strong growth in construction, industrial real estate, and logistics.
Unveiling the Current State of the Mega Project That Brought Down Former Dong Nai Leaders
A series of former leaders in Dong Nai province have been prosecuted for investigation into violations related to the 125-hectare King Bay mega-project.
King Bay Mega-Project Leads to Arrest of Former Dong Nai Deputy Secretary Phan Thi My Thanh
A series of former leaders in Dong Nai province have been prosecuted and temporarily detained as suspects, pending investigations into their alleged involvement in violations related to a 125-hectare real estate project.
TTC Land Seeks Acquisition of Over 27.5 Million Shares in Tân Vạn Islet Project
The Board of Directors of Saigon Thuong Tin Real Estate Joint Stock Company (TTC Land, HOSE: SCR) has approved the acquisition of over 27.5 million shares in Tin Nghia – A Chau Investment Joint Stock Company (TNAC) from its existing shareholders.
Dong Nai Launches Road Project Connecting Seaports, Anticipating Long Thanh Airport
The upcoming inter-port route in Dong Nai will not only connect seaports but also unlock economic growth opportunities once the Long Thanh Airport becomes operational. This project is anticipated to catalyze the development of an integrated network of ports, logistics hubs, industrial zones, and riverside urban areas, positioning Dong Nai as the economic powerhouse of the Southeast Region.
$68 Million Spent by Conglomerate to Acquire Prime 2,000m² Plot in Ho Chi Minh City’s Central District
UOA Group has successfully finalized the acquisition of a 2,000-square-meter prime plot in the heart of Ho Chi Minh City for $68 million.
