Telecom Infrastructure Giant Led by Dang Thanh Tam Set to Raise $64 Million in Capital

Saigon Telecommunications Technology Joint Stock Company (Saigontel, HOSE: SGT), a key player within the business ecosystem of Mr. Dang Thanh Tam, is gearing up to raise over VND 1.48 trillion through a capital market offering. Mr. Tam and his affiliated entities are anticipated to be the primary contributors to this upcoming issuance.

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Saigontel Chairman – Mr. Đặng Thành Tâm

On December 10, Saigontel’s Board of Directors approved a plan to offer over 148 million shares to existing shareholders at a price of 10,000 VND per share, with a 1:1 ratio. The issued shares will not be subject to transfer restrictions. The offering is expected to take place from Q4/2025 to Q2/2026.

As of the morning of December 11, SGT shares were trading at 16,150 VND per share. Since the beginning of the year, SGT’s stock price has declined by nearly 6.4%, with an average daily trading volume of approximately 71,000 shares.

Amid a highly active stock market, Saigontel aims to raise capital to settle outstanding debts and invest in Vietnam Green Growth JSC, a company established in May 2024.

Founded in 2002, Saigontel is a member of Saigon Investment Group (SGI). The company operates in three core sectors: telecommunications and information technology, real estate, and consulting and project development services. Saigontel’s Chairman, Mr. Đặng Thành Tâm, also serves as Chairman of Kinh Bac Urban Development Corporation (HOSE: KBC).

Mr. Tâm and affiliated entities such as Kinh Bắc and DTT Investment and Development JSC are the largest shareholders of Saigontel.

Largest Shareholders of Saigontel

Data as of March 26, 2025. Source: Saigontel Annual Report

Thừa Vân

– 09:33 11/12/2025

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