Tan Phu Viet Nam adjusts capital use after share offering

Tan Phu Viet Nam Joint Stock Company (TPP) announced a revised capital utilization plan for proceeds from its public share offering, detailed in an official dispatch and Board of Directors resolution. The company initially raised a total of 200,000,000,000 Vietnamese dong from the offering, which concluded on November 14, 2025. The actual proceeds, after transfer fees, amounted to 178,861,720,000 Vietnamese dong.

The primary change in the plan involves adjusting the allocation of funds to repay loans from various banks. For example, the allocation for BIDV was reduced, while the allocation for Vietinbank increased. Allocations for Vietcombank and TPBank were also adjusted.

A new allocation of 39,476,158,887 Vietnamese dong has been introduced for working capital, which was previously unallocated. The total value of changes in the capital utilization plan is 78,952,317,774 Vietnamese dong, representing 44% of the actual net proceeds from the offering. These adjustments aim to align the capital deployment with the company’s actual debt situation and business performance at the time of the capital increase.