VII Holding Acquires Over 320 Million Tasco Shares in One Month

Recently, Tasco Joint Stock Company (Stock Code: HUT, HNX) announced a report on the stock trading results of insiders and related parties.

Accordingly, at the end of the trading period from September 10, 2025, to October 9, 2025, VII Holding successfully purchased nearly 320.5 million registered HUT shares.

Following this transaction, VII Holding increased its ownership in Tasco from 0% to 30%, becoming a major shareholder of the company.

Based on the closing price of HUT shares on September 10, 2025, at VND 19,000 per share, it is estimated that VII Holding spent over VND 6,089 billion to acquire the aforementioned shares.

Previously, in September 2025, VII Holding conducted four purchases, acquiring a total of nearly 302.6 million HUT shares out of the nearly 320.5 million registered shares.

Specifically, on September 10, 2025, it purchased 83 million shares; on September 15, 2025, 77.95 million shares; on September 17, 2025, over 106.1 million shares; and on September 18, 2025, 35.5 million shares.

Subsequently, VII Holding continued to register and purchase additional shares to reach the target of nearly 320.5 million HUT shares.

It is known that Mr. Vu Dinh Do, Chairman of Tasco’s Board of Directors, is also the Chairman of the Board of Directors and Legal Representative of VII Holding.

VII Holding was established in May 2024, with its main business activities being financial support services not classified elsewhere (specifically investment advisory services).

At its inception, the company had a charter capital of VND 1,000 billion with three founding shareholders. Chairman Vu Dinh Do contributed VND 650 billion, equivalent to a 65% ownership stake.

In other news, Tasco recently published a document seeking shareholder opinions in writing. The opinion-gathering period is from October 5 to October 23, 2025. The company had previously closed its shareholder list on September 25, 2025.

The content of the opinion-gathering relates to the transfer of share swaps to new investors and exemption from public offering.

According to the HUT Board of Directors’ proposal, based on Resolution No. 23/2023, shareholders on the share swap list of SVC Holdings (now Tasco Auto) will be allowed to transfer their shares to shareholders within the same group or to other investors after one year of holding, subject to approval by the General Meeting of Shareholders.

Based on this, in 2024, Tasco’s General Meeting of Shareholders passed a resolution on May 31, 2024, approving the transfer of shares held by shareholders on the swap list under Resolution No. 23/2023 to a new investor, VII Holding.

Given the demand from investors to trade HUT shares, Tasco’s Board of Directors proposed three items for shareholder approval:

First, shareholders holding Tasco shares on the swap list under Resolution No. 23/2023 may transfer part or all of their shares to a new investor, VIAC Limited Partnership (Singapore). The new investor commits to continue holding the shares until the end of the holding period specified in Resolution No. 23/2023 (until August 31, 2028), except in cases of transfer to investors within the same group or to new investors approved by Tasco’s General Meeting of Shareholders.

Second, if VIAC Limited Partnership’s acquisition of shares from shareholders on the swap list and/or existing shareholders results in ownership of 25% or more of the voting shares, a public tender offer may be required. Therefore, the Board of Directors proposes that shareholders approve VIAC Limited Partnership’s exemption from the public tender offer requirement in such cases.

Third, shareholders holding Tasco shares on the swap list under Resolution No. 23/2023 may continue to transfer part or all of their shares to VII Holding.