AsemconnectVietnam - Ha An Real Estate Investment and Business Joint Stock Company reported its business situation in the first half of 2025 (from January 1, 2025 to June 30, 2025) with a plummeting profit and still having an accumulated loss of VND262.9 billion.

Accordingly, in the first half of 2025, the Company's after-tax profit decreased by 78.5% compared to the same period, equivalent to a decrease of VND39.04 billion, to VND10.72 billion (the same period profit was VND49.76 billion). In particular, the after-tax profit ratio on equity decreased from 0.005% to 0.001%
As of June 30, 2025, Ha An recorded an accumulated loss of up to VND262.9 billion.
Regarding the capital structure, also at June 30, 2025, Ha An increased its bank loans by VND300 billion to VND1,550 billion, and its debt from bond issuance decreased by VND661.07 billion to VND442.38 billion.
According to research, Ha An is located at 18 Kha Van Can Street, Di An Ward, Ho Chi Minh City; as of June 30, 2025, Dat Xanh Group Joint Stock Company (DXG - HOSE floor) invested VND11,654.49 billion in Ha An, accounting for 99.99% of charter capital; and Ha An is the investor of the Gem Sky World project (Dong Nai province) with a scale of 92.2 hectares, total investment capital of VND5,725 billion.
Notably, Dat Xanh Group has recently approved a plan to privately offer 93.5 million shares, equivalent to an offering rate of 9.18% and the number of professional securities investors participating in the offering is less than 20 investors.
The number of privately issued shares is restricted from transfer for 1 year from the end of the offering. The expected issuance time is from the third quarter to the fourth quarter of 2025, after approval by the State Securities Commission.
The expected offering price is 18,600 VND/share, it is estimated that if the issuance is successful, it will mobilize VND1,739.1 billion. In particular, the purpose of raising capital is to contribute capital to the subsidiary Ha An Real Estate Investment and Trading Joint Stock Company, this unit contributes capital to members to implement the project of high-rise apartment complex - green vision commercial services (DatXanhHomes Parkview).
DatXanhHomes Parkview project in Ho Chi Minh City (formerly Thuan An - Binh Duong) with an area of 103,889 m2, investment capital of VND1,680 billion.
At the same time, Dat Xanh also approved the expected time to contribute capital to the subsidiary Ha An in the third quarter to the fourth quarter of 2025, after Dat Xanh finishes the private offering. If the transaction is successful, Dat Xanh will continue to own 99.99% of the charter capital at Ha An.
N.Nga
Source: VITIC/Tinnhanhchungkhoan