The proceeds from the issuance are expected to be used to acquire 90% of the capital in Hoang Quan Binh Thuan Real Estate Consulting – Trading – Services Joint Stock Company (HQC). Specifically, Mr. Truong Anh Tuan, Chairman of Hoang Quan Binh Thuan (also Chairman of Hoang Quan Real Estate Consulting – Trading – Services JSC (HOSE: HQC)), will transfer 21 million shares, equivalent to 52.5% of the capital. Two other shareholders, Ms. Phan Le Thuy Trang and Ms. Nguyen Tran Thuy Trang, will also sell 29.4% and 8% of Hoang Quan Binh Thuan’s capital to ATS, respectively.
Post-issuance, a group of 9 shareholders is expected to hold nearly 94% of ATS’s capital, most of whom are long-standing investors.
 Source: ATS
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Established in 2004 with an initial charter capital of VND 30 billion, Hoang Quan Binh Thuan was founded by two shareholders, Mr. Truong Duc Hieu (brother of Mr. Truong Anh Tuan) and Mr. Truong Manh Hung. To date, the charter capital has increased to VND 400 billion, with the company focusing on real estate development.
The company is currently implementing several projects, notably a social housing complex in Thanh Hai (Phan Rang – Thap Cham City) with over 1,300 apartments and a total investment of approximately VND 1.1 trillion. Additionally, Hoang Quan Binh Thuan is the developer of the Nam Phan Thiet New Urban Area, spanning 13.5 hectares with a capital of VND 905 billion, and the Ham Kiem 1 Industrial Zone (132 hectares, VND 273 billion).
In the first half of 2024, Mr. Truong Anh Tuan’s company reported an after-tax profit of over VND 73 million. Total assets reached VND 1 trillion, with liabilities amounting to VND 646 billion. In 2023, the company earned a profit of over VND 888 million. Hoang Quan Binh Thuan is currently servicing a bond issuance of nearly VND 492 billion, issued in late 2023 with a 5-year term and an interest rate of 12% per annum. By mid-2025, the company had paid over VND 30 billion in interest on this debt.
At the 2025 Annual General Meeting, Mr. Tran Phuc Thien An, Chairman of ATS, explained that the partnership with Hoang Quan Binh Thuan aims not only at social housing but also at the company’s industrial land bank. This move aligns with ATS’s financial capabilities and long-term strategic cooperation goals.
ATS, originally established in 1998 as Autumn Entertainment Service Trading Company Limited, later rebranded as Atesco Industrial Catering Joint Stock Company. The company currently operates a food processing plant in the Dai An Industrial Zone, Hai Duong.
 Nine individual investors, mostly existing shareholders, are expected to purchase the privately issued shares of ATS. Source: ATS
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Hoang Quan Binh Thuan Invests Over VND 1.1 Trillion in Social Housing in Ninh Thuan
– 14:06 16/09/2025
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