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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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Against a backdrop of deteriorating business results and a sliding stock price, Dat Xanh Group has unexpectedly proposed a name change to reposition its brand. Management said the move is intended to align the brand with the company’s development direction in the new phase, supporting connections, transactions, market expansion, and investment opportunities under a sustainable growth framework.
For the company’s name change, the board has not published detailed plans. It proposed studying and selecting a new name that fits the business strategy and fully complies with current laws.
Alongside the name change proposal, Dat Xanh plans a bonus share issue through the rights issue method. The company intends to issue more than 155.7 million new shares, equivalent to 14% of outstanding shares. Shareholders will receive the new shares under rights that are non-transferable.
The expected implementation is in 2026, or at a time determined by the Board after approval by the State Securities Commission (UBCK). If completed, Dat Xanh would increase its charter capital from VND 11,141 billion to nearly VND 12,700 billion.
On business prospects, Dat Xanh targets revenue of VND 5,000 billion for this year, up 19% year-on-year. After-tax profit attributable to parent company shareholders is targeted at VND 268 billion, up 16% year-on-year.
The company does not plan to pay a dividend for 2025. For 2026, the expected dividend payout is 20% of par value.
In 2025, Dat Xanh reported net revenue of VND 4,192 billion, down 13% from 2024. Net profit attributable to parent shareholders stood at VND 231 billion, down 10%.
Historically associated with mid-range real estate brokerage, Dat Xanh is expanding into project development targeting higher-end segments. In this context, the name change is viewed as a long-term strategic step to build a more comprehensive developer image. However, given the current environment, it could also be interpreted as a marketing tactic if underlying fundamentals are not strengthened.
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