AAV Group shifts capital use plan after 2021 private placement

AAV Group Joint Stock Company, formerly Viet Tien Son Real Estate Joint Stock Company, has filed a report outlining changes to the use of capital from its 2021 private placement. The company raised 366,000,000,000 VND from the issuance of 30,000,000 common shares, with the offering concluding on December 6, 2021.

Key changes include a reallocation of 2,000,000,000 VND from an initial residential area project in Dong Tran Hung Dao, Sao Do Ward, Chi Linh City, Hai Duong Province, to supplement working capital. Additionally, 18,000,000,000 VND from the same initial residential project has been reallocated to a new project: an investment in a residential area project in Dong Yet Kieu Street, Tran Hung Dao Ward, Hai Phong City.

These changes, approved by the board of directors on October 31, 2025, represent a shift of 18,000,000,000 VND, or 4.9% of the total proceeds, to different investment objectives, citing actual business performance as the reason.