A Singapore investment fund wants to acquire Tasco shares without a public offer

Tasco Joint Stock Company (HUT code) announced its proposal for shareholder opinions regarding the transfer of shares to a new investor without the need for a public offer. This process will occur from October 5 to October 23, 2025, following a share swap of 543.9 million shares in September 2023 with shareholders of SVC Holdings (now Tasco Auto). The Tasco shareholders’ meeting approved allowing these shareholders to transfer shares to VIAC Limited Partnership, a Singapore investment fund, without a public offer if they hold more than 25% of the shares. The Board also proposed allowing CTCP VII Holding to continue purchasing shares from the swapped shareholders. VII Holding has acquired 302 million HUT shares, becoming the largest shareholder with 28.32% ownership. Chairman Vu Dinh Do, who is also the chairman of Tasco’s Board, invested 650 billion VND in VII Holding and plans to purchase more shares to increase ownership.