Thang Long shareholders approve capital raise, new board members

Thang Long Joint Stock Corporation (HNX:TTL) held an extraordinary general meeting on November 28, 2025, approving a private placement of 100,000,000 shares at VND10,000 per share. The company aims to raise VND1,000,000,000,000 to fund industrial real estate, other real estate businesses, and BOT projects. The resolution passed with 84.88% approval from participating shareholders.

Shareholders also approved revisions to the company's business lines and charter, with 92.45% of votes in favor. The changes expand and update business categories, including adjustments to wholesale metal trading and real estate services.

Furthermore, the meeting concluded the 2024-2029 term for the board of directors (BOD) and supervisory board (BOS), electing a new five-member BOD and three-member BOS for the 2025-2030 term. The election results showed all proposed candidates receiving 84.90% of the votes.