AsemconnectVietnam - Mai Linh Taxi will increase its charter capital from VND1,246 billion to a maximum of VND2,700 billion through private issuance to strategic investors.

According to the issuance plan approved by the 2025 Annual General Meeting of Shareholders, Mai Linh Group Joint Stock Company (Mai Linh Taxi) will issue 145.33 million shares, with the expected issuance date in 2025.
The maximum capital expected to be mobilized is more than VND1,453 billion (at par value), which will be used to (1) spend VND823.76 billion to purchase and invest in at least 5,000 electric vehicles, improve facilities, and enhance technology, (2) use VND436.4 billion to invest in 1,000 charging stations, repair vehicles, (3) and VND193 billion to supplement capital for business operations.
Mai Linh Taxi also submitted a proposal to register as a public company and carry out listing procedures on the stock exchange, with the goal of being listed on HOSE or HNX. According to Mai Linh Taxi, the Company has currently met all the conditions to be recognized as a public company and list shares. The implementation of these two procedures aims to increase transparency and prestige, expand the ability to mobilize long-term capital, and facilitate shareholders to trade stocks.
The plan to list on the stock exchange to mobilize capital is set in the context of Mai Linh Taxi converting from gasoline vehicles to electric vehicles and business operations facing challenges in recent years. At this General Meeting of Shareholders, the Group also added a taxi transport business model using electric vehicles.
In 2024, the Group's consolidated net revenue reached VND1,343.33 billion; pre-tax profit was negative VND31.36 billion; after-tax profit was negative VND43.08 billion. This result did not meet expectations, but also clearly reflected the objective difficulties that the transportation industry is facing in the context of many economic fluctuations.
Mai Linh Taxi said that it has chosen a long-term direction: strategic investment, restructuring the operating model and improving adaptability. Specifically, the Group is steadfast with three key pillars: digital transformation as the focus; customer service as the center; restructuring to create new momentum for the business.
Mai Linh has synchronously deployed technology platforms such as Mai Linh ride-hailing app, 1055 call center, booking cars via Zalo and many forms of cashless payment, bringing a faster, more convenient and friendly experience to customers.
A highlight is the operation of the Contact Center On Cloud call center system - a modern cloud computing platform that helps increase call center efficiency, enhance multi-channel interaction (via phone, text messages, social networks ...), while reducing operating costs compared to the traditional model - contributing to enhancing the competitiveness of Mai Linh's traditional taxi service in the digital age.
According to Mai Linh Taxi, 2025 is considered a "test of fire" year for many businesses, especially in the field of passenger transport. Fluctuating fuel prices and changes in customer consumption behavior after the Covid-19 pandemic have put a lot of pressure on the taxi business.
Not only Mai Linh Group, but also other transportation businesses have recorded a decline in revenue in some key markets, while facing the problem of optimizing operating costs and finding business solutions when the market is divided into small profit segments.
With a strong investment strategy in electric vehicles, the group expects consolidated revenue to reach VND2,514 billion, an increase of 88% over the same period; expected after-tax profit of VND56 billion.
At the end of 2024, Mai Linh unexpectedly signed a contract to buy and lease 3,999 VinFast electric vehicles through Xanh SM. The company also plans to proactively liquidate gasoline vehicles that are no longer suitable to invest in electric vehicles, both improving the environment and effectively exploiting customer service channels.
N.Nga
Source: VITIC/Tinnhanhchungkhoan