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Cuong Phat Construction and Trading Investment Co., Ltd. has recently increased its stake in Hanoi Toserco (Hanoi Toserco, UPCoM: TSJ). On April 14, Cuong Phat became a major shareholder after purchasing 2 million TSJ shares, raising its stake from nearly 2.63 million shares (3.52%) to nearly 4.63 million shares (6.19%). To raise its holding, on April 15, one day after becoming a major shareholder, Cuong Phat continued to buy 3.3 million TSJ shares, boosting ownership to nearly 7.3 million shares (10.6%). Between April 13-15, TSJ shares recorded three off-market transactions in three consecutive sessions, with volumes of 2.63 million shares (value over VND 86 billion), 2 million shares (nearly VND 60 billion) and 3.3 million shares (value around VND 77 billion). It is likely that two of Cuong Phat's trades were among these, given TSJ's matched-trade volume is very low, averaging only 161 shares per session over the past month. On the morning of April 22, TSJ traded at 37,000 dong per share, up about 23% over one week. Hanoi Tourism and Services Joint Stock Company (Hanoi Toserco), formerly Hanoi Tourism and Services Company, was established by Decision No. 1625/QD-UBND dated April 14, 1988 by Hanoi’s People’s Committee. Through development with many positive results, Hanoi Toserco has become a familiar and reputable brand in the capital’s tourism sector. The company’s headquarters is located at 273 Kim Ma Street, Giang Vo Ward, Ba Dinh District, Hanoi. In addition, the company operates multiple business segments at various locations around Hanoi. In 2025, Hanoi Toserco recorded net revenue of over VND 139 billion and net profit of over VND 100 billion.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
