Tasco fully deploys capital from latest share offering

Tasco Joint Stock Company (Tasco) has completed the deployment of VND 1,757,735,060,000 raised from its share offering, as detailed in its capital utilization progress report dated November 4, 2025. The capital deployment aligns with the plan approved by the board of directors via Resolution No. 21/2025/NQ-HĐQT on August 29, 2025. The offering, which concluded on August 20, 2025, involved 175,773,616 shares.

A significant portion of the capital, specifically VND 800,000,000,000, was injected into Tasco Insurance Company Limited. The remaining VND 957,735,060,000 was allocated as capital contribution and supplementary capital to Tasco Auto Joint Stock Company (formerly Tasco Auto Company Limited), reflecting the strategic focus on enhancing its automotive distribution and services.

The report confirms that all the raised capital has been fully utilized, with no remaining funds from the offering. The funds were not designated for any specific project, as indicated in the progress report. Tasco's core business activities include automotive distribution, smart transportation infrastructure, financial services, insurance, real estate, and other operations such as BOT toll collection and commercial property development. The company’s legal capital is VND 10,682,855,810,000.