Van Phu raises 135 billion VND in bonds, secured by shares of Chairman To Nhu Toan

Real Estate Development Joint Stock Company Van Phu (stock code: VPI) issued 1,350 bonds with code VPI12503 on October 31, 2025, with a face value of 100 million VND per bond, raising a total of 135 billion VND. The bonds have a term of 3 years and a fixed interest rate of 10% per year, secured by VPI shares owned by Chairman To Nhu Toan. Mr. Toan holds 72.6 million VPI shares, accounting for 22.68% of Van Phu’s capital, while THG Holdings, a related company, owns 21.27% of VPI shares. As of September 30, 2025, Van Phu recorded a bond debt of nearly 2,300 billion VND across 6 bond batches and a net profit of 262.9 billion VND in the first 9 months of 2025, achieving over 75% of the annual target. Its inventories also increased by 83.5%, reaching 5,407 billion VND, mainly due to investments in three major projects.