The Ho Chi Minh City Stock Exchange (HoSE) issued this decision on 19/5. The reason is that Duc Giang Chemical Group submitted its audited financial report for 2025 more than 45 days late, violating listing regulations.

On 13/5, HoSE placed DGC shares under control and removed them from the VN30 index due to the delayed submission of its audited 2025 results. To complete information disclosure and resume normal trading, Duc Giang Chemical appointed UHY Audit and Consulting Co., Ltd. as the reviewer for its 2025 financial report.

The company stated that the audit is being expedited and committed to cooperating with UHY to ensure the financial report is released as soon as possible. Immediately after the report's release, Duc Giang Chemical will fully disclose information as required, with completion expected in Q2.

Duc Giang Chemical Group Joint Stock Company is located in Tang Loong Industrial Park (Tang Loong commune, Lao Cai province). *Photo: Ngoc Thanh*

Previously, at the annual general meeting on 8/5, Duc Giang Chemical shareholders elected three new members to the board of directors, including: Dao Huu Kha, Nguyen Quoc Trung, and Pham Duy Tung. Dao Huu Kha was appointed chairman of the company, replacing Dao Huu Huyen, who was prosecuted and temporarily detained.

Duc Giang Chemical was established in 1963 and was formerly part of the General Department of Chemicals. The company was privatized in 2003, primarily operating in the production of phosphoric acid, yellow phosphorus, and fertilizers.

According to its self-reported results, in 2025, Duc Giang Chemical recorded nearly 11,266 billion dong in net revenue, a 14% increase from the previous year. After-tax profit rose nearly 3% to 3,188 billion dong, exceeding its annual plan.

Trong Hieu