Thanh Nam (TNI) wants to transfer all shares at Vuon Dao Ha Long Hotel

VHO - Thanh Nam Group Corporation (stock code: TNI) has just announced the Board of Directors' Resolution approving the transfer of all 3 million shares, equivalent to 30% of charter capital at Vuon Dao Ha Long Hotel Corporation.

TNI plans to sell all of the above shares at VND84,000/share. Illustrative photo

Accordingly, TNI plans to sell all of the above shares at VND84,000/share, equivalent to a total transfer value of VND252 billion. The expected transaction completion date is before October 18, 2025.

Notably, in 2022, Thanh Nam spent about VND210 billion to buy back 30% of the capital of Vuon Dao Ha Long Hotel - a business with a charter capital of VND100 billion, operating in the fields of real estate, short-term accommodation services and restaurants.

Regarding business results, in the second quarter of 2025, Thanh Nam recorded revenue of VND 322 billion, an increase of 54% compared to the first quarter, and after-tax profit reversed from a loss of VND 5.3 billion to a profit of more than VND 5 billion. The company believes that this is a positive sign of recovery, reflecting the effectiveness of restructuring measures and improving production and business activities.

To maintain growth momentum, Thanh Nam said it will focus resources on the steel sector, especially stainless steel – a sector with high profit margins and great potential in the domestic market. The company also aims to restore business efficiency, improve cash flow and remove stock warnings.

Specifically, the company will review the entire operating system, diversify supply sources, and flexibly negotiate import terms to ensure stable cash flow and maintain reasonable inventory. In terms of finance, Thanh Nam will promote cost optimization, debt restructuring, and digital transformation to increase forecasting capacity and control risks in the context of a volatile steel market.

In another development, on October 10, investor Bui Van Dien bought more than 1 million TNI shares, increasing his ownership ratio from 3.8% to 5.76% of charter capital, thereby becoming a major shareholder of Thanh Nam Group.

Source: https://baovanhoa.vn/kinh-te/thanh-nam-tni-muon-chuyen-nhuong-toan-bo-co-phan-tai-khach-san-vuon-dao-ha-long-177666.html