Taseco Land's capitalization reached over VND 9,542.6 billion on the first day of listing on HoSE.

As of 10:00 a.m. on August 1, TAL shares had increased to the ceiling price, equivalent to an increase of VND5,100 to VND30,600/share, with a ceiling purchase surplus of more than 1.02 million shares, equivalent to a capitalization of more than VND9,542.6 billion.

Sharing at the important event, Mr. Pham Ngoc Thanh, Chairman of the Board of Directors, shared: “The listing of shares on the Ho Chi Minh City Stock Exchange is a proud milestone in the 16-year development journey of Taseco Land. The official listing on HoSE not only marks a great step forward in the sustainable and transparent development strategy, but also the achievement after 16 years of establishment and development of the Company. With nearly 312 million shares listed today, we are committed to continuously improving business performance management, enhancing financial transparency, ensuring benefits for shareholders and investors, and especially fully complying with the regulations of the Ho Chi Minh City Stock Exchange, while continuing to actively contribute to the development of the Vietnamese stock market”.

Mr. Pham Ngoc Thanh, Chairman of the Board of Directors, received the decision to list TAL shares from the leaders of the Ho Chi Minh City Stock Exchange.

Taseco Land, formerly An Binh Real Estate Investment JSC, was established in 2009 and listed on UPCoM on January 9, 2024 with a reference price of VND 21,000/share. Up to now, the Company's charter capital has increased to VND 3,118.5 billion. Of which, total assets at the end of the second quarter of 2025 are more than VND 12,413 billion and the land fund by the end of 2024 is about 648 hectares.

According to Taseco Land's plan, the Company expects the total land fund to be more than 1,000 hectares by 2025, aiming for more than 5,000 hectares by 2030. In particular, the Company will strengthen its financial capacity to be eligible to participate in bidding, auctioning and investing in projects in Hanoi and other localities in the country with great potential for real estate development.

In the first half of 2025 alone, Taseco continuously expanded its land fund by nearly 100 hectares, including through the successful auction of the New Urban Area Project, Central Walking Street of Thai Nguyen City (6.6 hectares), and winning bids for two major projects in Tu Son, Bac Ninh province, including the investment project to build a New Urban Area, Trade and Services - Sub-area 65.1 in Tam Son, Dong Ky, Huong Mac wards (62.27 hectares) and the urban development project in Huong Mac ward & Phu Khe ward (30.47 hectares).

In addition, Taseco has also expanded its industrial real estate sector with the Taseco Dong Van Industrial Park project with an area of 223 hectares; in mid-July, the Standing Committee of the Hai Phong City Party Committee gave its opinion on the investment policy for the project to invest in the construction and business of the infrastructure of Thuy Nguyen Industrial Park - Phase 1, invested by Taseco Hai Phong Industrial Park Joint Stock Company - a subsidiary of Taseco with an area of 247.8 hectares and an investment capital of VND 3,940 billion...

It is worth noting that Taseco's parent company, Taseco Group Corporation, currently owns 72.89% of Taseco's charter capital. This unit is expected to find a strategic partner to jointly implement projects at Taseco by reducing its ownership to 51%. This ownership reduction is being carried out in the context that Taseco owns many large projects that are being and will be implemented synchronously, so it needs a large capital demand in the near future.

Analysts say that after officially listing on HoSE, TAL code is likely to catch the attention of domestic investment funds due to its capitalization advantage of more than VND9,542.6 billion, high free-float ratio, and a portfolio of projects being deployed in localities with great potential for infrastructure development.

Source: https://baodautu.vn/von-hoa-taseco-land-dat-hon-95426-ty-dong-ngay-dau-chao-san-hose-d346056.html