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Home Stock Market TNG Leverages Project Contracts and Deposit Agreements as Collateral for Bank Financing
  • Stock Market

TNG Leverages Project Contracts and Deposit Agreements as Collateral for Bank Financing

TNG plans to utilize all assets generated from the Investment Project for Infrastructure Construction of the Son Cam 1 Industrial Cluster, along with pledging deposit contracts as collateral to secure a loan from BIDV.

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    According to the Hanoi Stock Exchange (HNX), TNG Investment and Trading Joint Stock Company (Stock Code: TNG) has issued Resolution No. 671/NQ-HĐQT, approving a loan plan with the Bank for Investment and Development of Vietnam – Thai Nguyen Branch (BIDV Thai Nguyen).

    The loan limit is VND 500 billion, with a term of 84 months, including a 12-month grace period for principal repayment. The purpose of the loan is to invest in the construction and operation of the infrastructure for the Son Cam 1 Industrial Cluster.

    TNG’s Board of Directors also approved the mortgage of all assets formed from the Son Cam 1 Industrial Cluster Infrastructure Investment Project and the pledge of deposit contracts as collateral for the loan at BIDV Thai Nguyen.

    Illustrative image

    In another development, in mid-November 2025, TNG released a report on the additional contributed charter capital (from January 1, 2025, to October 31, 2025).

    In October 2025, TNG completed the distribution of 6.13 million ESOP shares to 368 employees. The shares are expected to be transferred from October to November 2025.

    With an offering price of VND 10,000 per share, TNG raised over VND 61.3 billion from this ESOP issuance. The shares are restricted from transfer for 3 years from the end of the issuance period.

    Additionally, TNG had a surplus capital of nearly VND 41 billion at the beginning of the year. As of October 31, 2025, TNG’s charter capital increased from over VND 1,226 billion to more than VND 1,328 billion.

    After the capital increase, Chairman Nguyen Van Thoi remains the largest individual shareholder with over 24.7 million shares, equivalent to 19.2%. TNG also has two other individual shareholders holding over 5% of the capital: Vice Chairman Nguyen Duc Manh (8.99%) and Tran Canh Thong (5.54%). The Fides Vietnam Fund Group holds 5.78% of TNG’s capital as of October 31, 2025.

    TNG also announced a Board of Directors resolution approving a joint venture with TNG Land Joint Stock Company (TNG Land) to research, invest in, and develop the TNG Viet Bac Social Housing Project in Tich Luong Ward, Thai Nguyen Province.

    The representative of the joint venture is Mr. Nguyen Van Thoi, Chairman of TNG’s Board of Directors.

    TNG’s Board of Directors also authorized Mr. Nguyen Van Thoi to implement the approved contents and/or delegate to a third party to complete procedures for signing agreements, contracts, and related documents in compliance with legal regulations. TNG Land is an affiliate company in which TNG holds 48.81% of the charter capital (as of October 31, 2025).

    This is not the first social housing project that TNG Land has undertaken in Thai Nguyen. Previously, the company invested in the Dai Thang Residential Area Social Housing Project (Trade Name: NOXH Peace Village) with an area of 8,432 m² in Dong Tien and Bai Bong Wards, Pho Yen City (formerly).

    According to TNG’s announcement, the project began construction in Q2/2024 and is expected to hand over apartments in Q4/2025. The total number of apartments is 395, including 361 condominiums and 34 adjacent houses.

    The social housing area is expected to meet the housing needs of nearly 800 workers, including officials and employees working at agencies, enterprises, and industrial zones in the area.

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    SOURCEcafef
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    • BIDV Thai Nguyen
    • ESOP
    • Son Cam 1 Industrial Cluster
    • TNG
    • TNG Viet Bac Social Housing Project
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