Behind the scenes of M&A: Chairman Vu Dinh Do plays a 'dual' role in Tasco's acquisition of DNP Holding

The stock market recorded an ambitious strategic M&A move when Tasco (Code: HUT), through its subsidiary Tasco Investment, acquired controlling rights at DNP Holding (formerly Dong Nai Plastic).

According to the recently published document, DNP Holding is seeking shareholders' written opinions from October 5 to October 15, 2025. The main content is the proposal for shareholders to approve Tasco Investment Company Limited (a 100% owned subsidiary of Tasco) not to carry out the public offering procedure.

This is proposed in the event that Tasco Investment receives a transfer of DNP shares resulting in ownership reaching or exceeding the prescribed public offering levels, starting from 25% of the total number of voting shares.

Mr. Vu Dinh Do, Chairman of Tasco, was Chairman of DNP Holding until May 2024.

On the other hand, Tasco's Board of Directors on October 3, 2025 approved the policy for Tasco Investment to buy shares from existing shareholders at DNP Holding. The goal of the transaction is that after completion, Tasco Investment will own the controlling shares and DNP Holding will become a subsidiary in Tasco's ecosystem.

The list of shareholders expected to transfer DNP shares to Tasco Investment includes 15 parties, including an organization, JSC VII, and 14 individuals.

This transaction bears the clear mark of senior leaders. Mr. Vu Dinh Do, currently Chairman of the Board of Directors of Tasco, is also one of the individuals on the list of DNP shares transferred. Notably, Mr. Do is also the former Chairman of the Board of Directors of DNP Holding until May 2024.

The list of sellers also includes JSC VII, the organization that just became the largest shareholder at Tasco in September 2025.

DNP Holding, formerly Dong Nai Plastic Joint Stock Company, operates in the fields of plastics, clean water and environment, packaging and construction materials.

According to economic experts, the acquisition of DNP Holding by Tasco (through Tasco Investment) is a major strategic move and has important significance for both sides, especially Tasco.

This move helps Tasco strongly expand and diversify its business ecosystem, reducing its dependence on traditional sectors such as build-operate-transfer (BOT) toll collection and real estate. At the same time, penetrate into areas with high stability and essential needs such as clean water, environment, plastics and construction materials. These are industries with sustainable growth potential and are less affected by economic cycles than real estate.

Source: https://daibieunhandan.vn/hau-truong-ma-chu-tich-vu-dinh-do-dong-vai-tro-kep-trong-thuong-vu-tasco-thau-tom-dnp-holding-10389703.html