HANOI, December 24, 2025 – DNP Holding Joint Stock Company (DNP Holding) has officially become a subsidiary of Tasco Joint Stock Company (Tasco) through Tasco Investment Co., Ltd. (Tasco Investment).
Specifically, Tasco Investment, a member of Tasco, announced the acquisition of 72,522,667 shares, equivalent to 51.4% of the charter capital of DNP Holding. This acquisition establishes Tasco Investment as the parent company of DNP Holding. Securing a controlling interest in DNP Holding is a strategic move for Tasco Investment to expand its portfolio into essential sectors, including clean water, renewable energy, healthcare, and consumer houseware.
This investment aligns with Tasco’s comprehensive strategy. Alongside its core pillars of (1) Mobility (automotive services, smart transportation infrastructure, and mobility services via Tasco Auto, VETC, and Carpla) and (2) Insurance (Tasco Insurance), Tasco operates as an investment holding company. Through (3) Tasco Investment, the group executes strategic investments in essential industries and innovative sectors that deliver high value to the Vietnamese people.
About Tasco Joint Stock Company (HNX: HUT): Tasco is a leading enterprise in Vietnam specializing in smart transportation infrastructure and automotive services. Its member unit, Tasco Auto, is currently the largest automotive distributor in Vietnam, holding a 13.7% market share (per VAMA). It operates a network of over 150 showrooms nationwide and provides authorized distribution for 16 automotive brands, including Lotus, Volvo, Lynk & Co, Zeekr, Geely, Toyota, Ford, Mitsubishi, Hyundai, and more. Tasco Auto’s strategic partner is Mitsui, a top-tier Japanese conglomerate. In smart infrastructure, Tasco’s subsidiary VETC operates the Electronic Toll Collection (ETC) system with approximately 75% market share, serving roughly 4 million customers and processing an average of 1.8 million transactions daily. With a vision to lead in comprehensive mobility solutions, Tasco continues to expand its value chain—from new and used car distribution to maintenance, financial solutions, and international-standard after-sales services—to enhance customer experience and promote sustainable growth in Vietnam’s automotive industry.
About DNP Holding: DNP is an investment enterprise focused on clean water and environment, construction materials, premium housewares, and packaging. It owns several recognized “National Brands,” including: Dong Nai Plastics (pipes and fittings), CMC (Prato tiles, CMC tiles, CMC Galaxy premium glazed tiles), and Tan Phu Vietnam (Inochi houseware). Notably, DNP owns DNP Water, Vietnam’s leading investor in the water industry, partnering with shareholder Samsung E&A. DNP Water operates over 30 clean water plants across 11 provinces, with a total design capacity of 1,000,000 m³/day. Inochi is the top-2 houseware brand in Vietnam, under DNP’s subsidiary, Tan Phu Vietnam. DNP also stands as a premier manufacturer of materials through the Dong Nai Plastics and CMC Tiles brands.
