AsemconnectVietnam - Taseco Real Estate Investment JSC (Taseco Land, code TAL - HOSE) announced documents to solicit shareholders' opinions in writing, the deadline for submitting opinions is before 5:00 p.m. on September 3.

Taseco Land proposes to shareholders to issue 48.15 million shares privately at VND31,000/share, raising VND1,492.65 billion, the offering subject is less than 20 investors, expected to be implemented in the third and fourth quarters of 2025, after being approved by the State Securities Commission and the issued shares are restricted from transfer within 1 year.
The amount raised will be used to restructure the Company's loans.
Thus, if the issuance is successful, the charter capital is expected to increase from VND3,118.5 billion to VND3,600 billion.
Closing the morning session on August 25, TAL shares decreased by VND500 to VND37,550/share.
Thus, the estimated private offering price is 17.44% lower than the market price at which TAL shares are trading.
Notably, on August 1, Taseco Land officially listed nearly 312 million shares on the Ho Chi Minh City Stock Exchange (HOSE).
Taseco Land, formerly An Binh Real Estate Investment Joint Stock Company, was established in 2009 and listed its shares on UPCoM on January 9, 2024 with a reference price of VND21,000/share. Up to now, the Company's charter capital has increased to VND3,118.5 billion. Of which, total assets at the end of the second quarter of 2025 are more than VND12,413 billion and land fund by the end of 2024 is about 648 hectares.
N.Nga
Source: VITIC/Tinnhanhchungkhoan