Sametel shareholders approve business revamp, real estate buy

Sametel Corporation’s shareholders have approved several key strategic initiatives through a written ballot, effective from November 11, 2025. The resolutions include adjusting and reducing business lines, relocating the company’s headquarters, and commencing securities investment activities. The relocation will see the headquarters move from Long Thanh Industrial Park to either the Thien Nien Ky Tower or Rox Tower in Hanoi.

Regarding investment, the company is now authorized to invest in securities, including stocks, bonds, and fund certificates, up to 70% of its total assets based on the latest financial statements. Additionally, shareholders approved an enhanced budget limit for M&A transactions in high-tech, new material, IoT, and AI sectors, with each transaction not exceeding 50% of total assets.

A significant real estate investment was also sanctioned: the acquisition of land and a house at 31-33 Street 18, Ward 08, Go Vap District, Ho Chi Minh City, for a maximum of VND 43,000,000,000. These resolutions are set to reshape Sametel’s operational focus and investment portfolio.