Tasco Joint Stock Company (Code: HUT on HNX) has recently announced the record date for shareholders to exercise their share purchase rights.
Specifically, the company plans to offer over 178.5 million shares to existing shareholders at a ratio of 5:1, meaning that for every 5 shares owned, shareholders will be entitled to purchase 1 new share.
The record date for this offering is set for June 30, 2025. The subscription period for the share offering will be from July 7, 2025, to August 20, 2025.
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With a share price of VND 10,000 per share, the total expected capital mobilization will amount to over VND 1,785 billion. Tasco plans to utilize these funds to invest in and contribute capital to its subsidiaries, including Tasco Insurance LLC, VETC JSC, and Tasco Auto JSC.
If this share issuance proposal is successful, Tasco’s charter capital will increase from over VND 8,925.1 billion to over VND 10,710.1 billion.
In terms of business performance, according to the consolidated financial statements for the first quarter of 2025, Tasco recorded net revenue of nearly VND 6,976 billion, a 34.6% increase compared to the same period last year. After deducting taxes and expenses, the company reported a net profit of over VND 37 billion, a 15.3% increase.
For the full year 2025, Tasco has set a business plan with an expected after-tax profit of VND 571 billion. Thus, by the end of the first quarter, the company has achieved 6.5% of its annual profit target.
As of March 31, 2025, the company’s total assets slightly increased from VND 28,987.3 billion at the beginning of the year to nearly VND 29,633.2 billion. Inventories accounted for 12.4% of total assets, amounting to over VND 3,687.4 billion, while short-term receivables stood at VND 5,932.6 billion, representing 20% of total assets. Fixed assets, on the other hand, accounted for 23.9% of total assets, totaling over VND 7,076.5 billion.
On the liabilities side of the balance sheet, the company’s total liabilities were VND 18,069.7 billion as of the reporting date, a 3.6% increase compared to the beginning of the year. Of this, loans and finance leases amounted to nearly VND 11,015.8 billion, comprising almost 61% of total liabilities.
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