AsemconnectVietnam - On the morning of May 9th, Janus Group Joint Stock Company (stock code: TCO) held a ceremony to announce and present 8 strategic cooperation agreements with domestic and international partners.

Most notably, the agreement was with the Vietnam Development Bank (VDB). According to the event, Janus Group presented a portfolio of projects with a total potential investment scale of approximately USD2 billion, including infrastructure, green energy, logistics, and technology. VDB stated that it will jointly consider providing state investment credit financing based on each project meeting the appraisal criteria.
In the environmental technology sector, Janus Group announced a partnership with Fabric Co., Ltd., a Japanese company developing and commercializing photocatalysis technology applications in daily life.
The collaboration between Janus Group and Fabric aims to deploy solutions in hospitals, schools, industrial parks, green urban buildings, and high-tech farms in Vietnam.
Poh Group (Singapore) – a conglomerate of 13 companies operating in diverse sectors across Asia – focuses its collaboration on sustainable development, renewable energy, resource security, urban infrastructure, social housing, and smart cities.
Mobii Green Energy, a partner that previously signed a $2 billion agreement to develop a green hydrogen AI data center in New Zealand, will work with Janus Group to explore opportunities for developing AI computing infrastructure and high-tech industrial parks in Vietnam.
Agreements with Pacific Lines, Quang Phuc Group, Hanoi High-Tech College, and AAA Insurance respectively add pieces to the puzzle in logistics, infrastructure, human resource training, and risk management/insurance for agriculture and aquaculture. Pacific Lines is a notable case, as this company is also included in the M&A plan to acquire 65-90% of its capital, which was approved by Janus Group shareholders at the General Meeting of Shareholders in March 2026.
The event took place less than six weeks after the annual general meeting on March 27, 2026, when shareholders officially approved the name change from TCO Holdings to Janus Group and approved a series of strategic decisions: investing VND200 billion to build a lithium battery manufacturing plant for export to the US market, investing up to VND2,000 billion in a complex project in Da Nang, acquiring 65-90% of Pacific Lines' capital to restructure the logistics segment, and setting a consolidated revenue target of VND2,800 billion and after-tax profit of VND52 billion for the 2026 fiscal year.
Also at the general meeting, the Janus Group Board of Directors was restructured with the addition of Mr. Shen Tai-An, Chairman of Zhongtai Hengchuang Group (Taiwan, China), operating in the field of third-generation semiconductor materials and energy storage; and Mr. Ching Heng Hoe (Malaysia), who was subsequently appointed as General Director and legal representative from May 4th.
On the stock market, Janus Group's TCO shares have doubled since the beginning of the year, from around 8,000 VND/share to over 16,000 VND/share.
Regarding business results, for the first six months of the 2026 fiscal year (October 2025 - March 2026), Janus Group recorded a net profit of VND12.6 billion, a decrease of 66% compared to the same period and only achieving 24% of the annual plan. In the second quarter of the fiscal year (January - March 2026), despite a strong recovery in the rice segment with profits increasing 4.5 times, the company only achieved a net profit of VND9.4 billion due to pressure from the transportation segment and increased financial costs.
N.Nga
Source: VITIC/Tinnhanhchungkhoan