According to the offering and capital usage plan, the expected proceeds of VND 1,515 billion will be allocated to the securities business in 2025 and 2026. Specifically, nearly VND 985 billion (65%) will be used for margin lending and pre-sale securities lending activities, approximately VND 455 billion (30%) for proprietary trading, and nearly VND 76 billion (5%) will be allocated as working capital for other activities.
The list of strategic investors participating in this offering includes two individuals: Mr. Nguyen Van Thien, who was allocated 50 million shares, and Mr. Nguyen Tan Dung, who received 51.5 million shares. The remaining 50 million shares were allocated to XTSC International Finance Joint Stock Company.
 Source: XTSC
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Among these investors, Mr. Nguyen Van Thien is the son of Mr. Nguyen Xuan Thanh, the founder of Xuan Thanh Group (Ninh Binh), and the brother of Mr. Nguyen Duc Thuy, Chairman of LPBank’s Board of Directors.
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Mr. Nguyen Van Thien is also known as the Chairman of Xuan Thien Group. Established in 2000, the group was formerly known as Xuan Thien Ninh Binh Limited Company and transformed into a group structure in January 2022. Xuan Thien Group currently operates in diverse sectors, including energy, materials, and agriculture.
Some notable projects of Xuan Thien Group include Suoi Sap 1 Hydropower Plant, Khao Mang Hydropower Plant, and Song Lo 3, 5, and 6 Hydropower Plants in Ha Giang, as well as Xuan Thien Thuan Bac Solar Power Plant phases 1 and 2…
XT Global Capital Joint Stock Company, a newly established company on June 26, 2025, with its headquarters in Ninh Binh province, has also attracted attention. Its main business activity is registered as other monetary intermediation.
Despite being a newcomer, XT Global Capital boasts an initial charter capital of VND 8,000 billion, with three founding shareholders. Mr. Nguyen Van Thien holds 70%, Mr. Nguyen Tan Dung holds 15%—both individuals also participated in XTSC’s private placement—and Ms. Nguyen Thi Hong Nhung holds the remaining 15%. Mr. Pham Vu Tung serves as the company’s General Director and legal representative.
On the same day, the XTSC Board of Directors also approved the registration dossier for the offering and implemented the plan to offer 135 million shares to existing shareholders.
According to the list of existing shareholders as of August 04, XTSC has 62 shareholders, including six major ones: Mr. Le Huy Dung with 20.03%, Khang An Agricultural Trading Services Co., Ltd. with 20%, Ho Ngoc Bach with 19.88%, Thai Kieu Duong with 15.13%, Vo Van Von with 9.9%, and Construction Materials No. 1 Joint Stock Company – Fico with 5%.
With the completion of these two offerings, XTSC’s charter capital is expected to increase from VND 135 billion to VND 3,000 billion. These plans were previously approved at the company’s 2025 Annual General Meeting of Shareholders.
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At the meeting, the company representative stated: “The target of VND 3,000 billion is suitable for the current context. Firstly, the company will supplement the full range of business activities according to the Securities Law. Allocating capital to core business activities, including securities brokerage, margin lending, and developing financial products…”.
Notably, the company representative also shared plans to increase capital to VND 20,000 billion and strive to enter the top 3 in the market.
In terms of business results, XTSC achieved revenue of nearly VND 7.5 billion in the second quarter, a 3.8-fold increase compared to the same period last year. The revenue mainly came from consulting activities and interest on term deposits. Ultimately, the company reported a post-tax profit of nearly VND 2.3 billion, an improvement from the loss of over VND 1.1 billion in the previous quarter. This performance contributed to a post-tax profit of over VND 593 million in the first half of the year, following a challenging first quarter.
However, these results are still far from the expected post-tax profit of VND 70 billion for the full year.
| XTSC’s quarterly financial results in recent years |
– 18:15 08/05/2025
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