The Board of Directors of TTC Land (SCR) announced approval for the acquisition of up to 27.54 million shares (51% ownership) from TNAC, the owner of the Kim Quy Island project in Dong Nai. The transaction value will not exceed 10% of TTC’s total assets, expected to be finalized from Q4 2025 to Q1 2026. The Kim Quy Island project covers 48 hectares with a total investment of 7.2 trillion VND and includes 571 real estate products. It is a strategic project for TTC, anticipating revenue recognition from 2026-2027, with official sales expected to start in September 2026. In the first half of the year, TTC Land reported revenues of 519 billion VND (up 260%) and a pre-tax profit of 50.69 billion VND.
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