Thien Nam Trading Import-Export Joint Stock Company (TNA) announced a resolution to transfer land use rights and associated assets to offset debts, with a projected transfer value of about 60 billion VND. The properties include a plot at 355-365 Ngo Gia Tu (2,003 m2, currently leased to Sai Gon Eye Hospital), 01-03 Ngo Gia Tu (391 m2, leased to KFC), and 451-453 Nguyen Tri Phuong (262 m2, leased to ACB). Additionally, TNA stocks will be restricted from trading starting May 29, 2025, due to late submission of the audited financial report for 2024, allowing trading only on Fridays. In Q1 2025, Thien Nam Group reported a 67.2% drop in revenue compared to last year, with a net loss of over 24.4 billion VND, while total assets decreased to 2,058.8 billion VND.
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