Saigon Telecommunications Technology Corporation (Saigontel) has decided to halt its plan for selling treasury shares to adjust its capital restructuring strategy. The company intends to consider selling 310 treasury shares at a more appropriate time, with a selling price not lower than 10,000 VND per share. Previously, in April 2025, Saigontel approved its business plan for 2025, aiming for revenue of 3 trillion VND and profit of 400 billion VND, which is a respective increase of 62% and 82% compared to 2024. During the shareholders’ meeting, the company also canceled the plan for private placement of shares due to unfavorable market conditions and shifted to selling over 148 million shares to existing shareholders at a 1:1 ratio, expected to raise over 1.48 trillion VND to reduce debt and enhance financial autonomy.
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