The Ho Chi Minh City Stock Exchange (HOSE) recently sent a document to Bamboo Capital Group (code BCG) informing that the company's shares will be transferred from restricted trading to suspended trading.
The reason for BCG shares facing a decision to suspend trading is because the Company was late in submitting the 2024 Audited Financial Statements (BCTC) (individually and consolidated), more than 6 months compared to the prescribed deadline. At the same time, HOSE also noted that BCG shares will be subject to mandatory listing cancellation if the Company still fails to fulfill its reporting obligations to the BCTC for auditing in 2024.
Not only that, the group of stocks belonging to the "hamlet" of Bamboo Capital is also being tightened in control. Specifically, HOSE has just decided to transfer BCG shares of Bamboo Capital Group and Tracodi Construction Group (code TCD) from warning to control from October 7. The common reason is that both enterprises are more than 30 days behind the prescribed deadline for submitting the 2025 semi-annual review electronic records.
Previously, from May 20, BCG and TCD had their transactions restricted because they were late in paying the 2024 audited BCTC for more than 45 days. At the same time, the fact that the 2025 Annual General Meeting of Shareholders has not been held within 6 months after the end of the fiscal year has caused both codes to continue to be under warning from July 2, 2025.
In the explanatory document, both Bamboo Capital and Tracodi admitted that they could not complete the 2024 audited financial statements as planned. The two enterprises said that the issuance milestone in September 2025 is not feasible because the process of coordinating with relevant parties to handle bond issues and debt restructuring has not reached progress.
In addition, Bamboo Capital's business situation has been stagnant in the context of the upper-level personnel of companies in the Bamboo Capital ecosystem continuously fluctuating after the news that founder Nguyen Ho Nam was prosecuted in March 2025. This is a factor that makes partners, service providers and stakeholders afraid, affecting the progress of preparing and issuing audit reports.
Bamboo Capital and Tracodi said they have continuously updated their operational situation and shared information to maintain support and assistance from stakeholders, but have not been able to resolve the difficulties.
Responding to the above information, the two codes BCG and TCD immediately reduced their range by 7%, with all buyers on the side in the trading session on October 2. Selling pressure is constantly increasing, recorded at BCG shares, as of the end of this morning's session, October 2, nearly 25 million shares (equivalent to about 3% of the company's outstanding shares) were being offered for sale at the floor price of VND 3,010/CP, but there was no counterfeit buy order. The TCD code also recorded a floor gain of more than 6 million units, with a market price of VND 2,250/CP.
