Hoa Sen Group to Invest VND 1.98 Trillion in Subsidiary Hoa Sen Home

Hoa Sen Group (CTCP Tập đoàn Hoa Sen; stock code: HSG) has approved the exercise of its right to subscribe to new shares in Hoa Sen Home (CTCP Hoa Sen Home). Hoa Sen Home plans to issue 200 million shares to existing shareholders, of which Hoa Sen Group has registered to subscribe to 198 million. At an issue price of VND 10,000 per share, the group plans to invest VND 1.98 trillion.

Hoa Sen Home was established in January 2026 with charter capital of VND 1 trillion, and Hoa Sen Group holds a 99% stake. If the offering is completed, its charter capital will rise to VND 3 trillion; if the group subscribes for its full allotment, its stake will remain at 99%.

Photo provided by Hoa Sen Group.（VietVance）

The group’s consolidated financial statements show that fourth-quarter net revenue for fiscal 2025–2026 (July 1 to September 30, 2026) was nearly VND 10.3844 trillion, up 24% year on year; net profit exceeded VND 55 billion, down 34%. For the full fiscal year, net revenue exceeded VND 37.736 trillion, up 3% year on year, while after-tax profit was nearly VND 624 billion, down 15%. Net revenue and after-tax profit exceeded the targets in the fiscal year’s higher-target scenario by 2% and 4%, respectively.

The group also plans to hold its annual general meeting for fiscal 2026–2027 in Ho Chi Minh City on March 16, 2027. The proposed record date for meeting attendance is December 8, 2026. HSG shares closed at VND 10,900 per share on November 10, 2026, giving the company a market capitalization of approximately VND 8.799 trillion.

Source: VietVance