Tasco Chairman’s Company Allocates 250 Billion VND to Acquire 18.2% of Company Owned by His Wife on the Board; Stocks Have Increased 60% in Less Than 2 Months

Vietnam Japan Medical Equipment Investment and Development JSC (JVC) has decided to issue 25 million shares priced at 10,000 VND per share to VII Holding JSC. The target is to raise approximately 250 billion VND, including 150 billion VND for investment in a subsidiary and 100 billion VND for supplier payments. If successful, VII Holding will own 18.2% of JVC’s capital. VII Holding, led by Vu Dinh Do, is related to board member Nguyen Thi Hanh and previously attracted attention by acquiring 28.32% of Tasco shares. JVC reported revenues of 317 billion VND and 27 billion VND in after-tax profit in the first half of 2025 but still faces a cumulative loss of nearly 980 billion VND. Despite difficulties in issuing shares in 2024, JVC aims for consolidated revenues of 1,200 billion VND and 100 billion VND in profit in 2025.