Phu Tai to invest $950,000 in new US company

Phu Tai Joint Stock Company (PTB) has approved a plan to expand its presence in the United States by establishing a new entity in Houston, Texas. The company intends to form PHU TAI HOME USA, INC., operating as a C-Corporation.

The total expected capital for the new US entity is $1 million. Phu Tai plans to contribute $950,000, representing approximately 95% ownership, while the remaining $50,000 is expected to come from other investors. The new legal entity will focus on the trade, distribution, and import-export of products including quartz, granite, and indoor and outdoor wooden furniture.

In addition to this international expansion, Phu Tai is proceeding with a dividend payment plan. The company will issue a first installment of cash dividends for 2026 at a rate of 10%, or 1,000 VND per share, sourced from 2025 undistributed after-tax profits. The expected payment date is September 3, 2026.