Tan Phu Viet Nam JSC announces public share offering to boost capital

Tan Phu Viet Nam Joint Stock Company (TPP) announced a public offering of 45,000,000 common shares at VND 10,000 per share, totaling VND 450,000,000,000. This offering, approved by the State Securities Commission, aims to increase TPP's charter capital and fund production and business activities. Agribank Securities Joint Stock Company is managing the offering as the consulting firm. The proceeds, estimated at VND 200,000,000,000, will be used to repay bank loans, including those from TMCP Military Bank and BIDV.

The offering is part of TPP's 2025 plan to increase charter capital, which was approved by the General Meeting of Shareholders on April 17, 2025. This strategic move aims to expand production capacity, invest in new technologies, and enhance brand presence, particularly for its Inochi line of products. Audited financial statements for the years ending December 31, 2023, and December 31, 2024, show stable financial health, supporting the company's growth ambitions. The interim financial report for the period ending June 30, 2025, also confirms a robust financial position.

The capital increase is intended to bolster working capital, reduce financial leverage, and support TPP's diverse operations in plastic manufacturing, packaging, and household products. The company projects improved profitability and operational efficiency from these investments.