The transaction is expected to take place between Q4 2025 and Q1 2026, with a total value not exceeding 10% of the total assets reported in the most recent audited annual or reviewed semi-annual financial statement.
Tín Nghĩa – Á Châu is renowned as the developer of the Cù lao Tân Vạn project, spanning over 48 hectares in Biên Hòa Ward. The project is bordered by the Đồng Nai River to the north and east, Ông Dầu Canal to the west, and Bà Lồ Canal to the south. Situated opposite Cù lao Phố, the total investment for this development is nearly 3.1 trillion VND.
The project’s origins date back to 2009 when the Đồng Nai Provincial People’s Committee permitted Tín Nghĩa LLC (now Tín Nghĩa Corporation, UPCoM: TID) to form a joint venture with Asia Commercial Bank (HOSE: ACB) and other member companies to establish TNAC. This partnership aimed to develop the Cù lao Tân Vạn residential, service, and tourism complex. By August 2013, TNAC had a chartered capital of 540 billion VND, with TID holding 51%, ACB 10%, and the remainder owned by Asia Investment Corporation.
In March 2020, TTC Land acquired a 24% stake in TNAC through a share transfer, though the transaction value was not disclosed. By late 2024, TID decided to auction its entire 51% stake in TNAC. Earlier this year, a subsidiary of TTC Land successfully bid for TID’s shares in TNAC.
Following the acquisition, TTC Land rebranded the project as Centria Island (Đảo Kim Quy). According to SCR’s 2024 annual report, the investment scale was increased to 350 million USD (over 9.2 trillion VND). The development plan includes 571 townhouses, detached and semi-detached villas, along with amenities such as an international school, shopping center, sports and entertainment complex, and a riverside park.
 Rendering of Centria Island. Source: SCR
|
Location of Centria Island (Đảo Kim Quy)
|
Actual photos of Centria Island. Source: SCR
|
– 5:32 PM, October 4, 2025
What’s Inside Ho Chi Minh City’s Center for Creative Startups – Managed by TTC Land’s Subsidiary?
Ho Chi Minh City now boasts a massive 20,000 sq. ft. Innovation and Startup Center.
“SCR Surges Past 10,000 VND per Share: A Testament to its Successful Business Strategy”
The trading session on August 14, 2025, witnessed a remarkable breakthrough for Saigon Thuong Tin Real Estate Joint Stock Company – TTC Land (code SCR) as it surpassed the 10,000 VND mark for the first time this year, closing at 10,400 VND.
“SCR Surges Past 10,000 VND per Share”
The trading session on August 14, 2025, witnessed a remarkable surge in the share price of SCR, breaching the 10,000 VND mark and culminating at 10,400 VND at the closing bell. This pinnacle represents a significant milestone, as it surpasses the highest level attained since September 2022, heralding a new era of potential growth and investor confidence.
The Retail Giant, Aeon Mall, Continues Its Market Dominance With an Expansion Into Da Nang – Leasing an Entire Commercial Space From TTC Land’s Project.
Aeon Mall Vietnam makes its grand entrance into Danang, taking over the entire floor space and transforming it into a vibrant shopping center. With their expertise and eye for detail, Aeon Mall will complete and operate a stunning four-story commercial complex within the TTC Plaza Danang project, promising an unparalleled shopping experience.
