HÀ NỘI — A An Food JSC (AAN), the rice trading and processing arm affiliated with Siba Holdings and Tân Long Group, has submitted its application to list 65 million shares on the Hochiminh Stock Exchange (HoSE), exchange records show.

HoSE received the listing dossier on February 12 and confirmed receipt on February 25. DNSE Securities is advising A An on the listing.

A An was carved out of Tân Long Group in 2021 to consolidate the group's rice business. 

The company grew rapidly in capital and scale. From an initial charter capital of VNĐ100 billion (US$3.8 million), it increased to VNĐ350 billion in July 2023 and later to VNĐ650 billion after a successful rights offering in November 2025. 

Following the 2023 capital raising, Siba Holdings emerged as the controlling shareholder with a 52.14 per cent stake. By the end of 2025 Siba Holdings continued to hold that majority position, while Tân Long had divested its remaining 44.29 per cent interest.

Siba Holdings, incorporated in October 2021 with charter capital of VNĐ700 billion, remains a core entity within the Tân Long ecosystem. 

Its founder and chairman, Trương Sỹ Bá, retains near-total ownership of Siba Holdings and continues to play an active role in the group's governance. 

If HoSE approves the listing, A An would join other Tân Long-related names on the exchange, following the listings of BAF Vietnam (BAF) and Siba Group (SBG).

A An operates three rice mills across a combined 63,000sq.m with drying capacity in excess of 4,000 tonnes per day and total storage of some 54,000 tonnes. 

Its A AN brand has broad national distribution, presenting in 34 provinces and available through nearly 70,000 retail outlets.

The company's audited and reviewed financials for 2025 show improving operational metrics and a stronger balance sheet ahead of the planned listing. Revenue rose to over VNĐ3.3 billion, an increase of 36.2 per cent year-on-year, while gross profit expanded by 55 per cent to VNĐ188 billion. 

A An reported profit after tax of VNĐ45 billion, up 61 per cent over 2024 and comfortably ahead of its 2025 target. — BIZHUB/VNS