Ho Chi Minh City Stock Exchange (HOSE) has just put shares of Duc Giang Chemical Group Joint Stock Company (stock code DGC) on the list of securities not allowed to trade margin.
The fact that shares were put on the list of not being granted margin is due to Duc Giang Chemical Group's delay in publishing the audited Financial Statements (FS) for 2025 more than 5 working days from the date of expiration of information disclosure.
Duc Giang Chemical Group has also just issued an official letter requesting a delay in submitting the audited financial statements for 2025. According to information disclosure regulations, public companies must disclose audited annual financial statements within 10 days from the date the audit organization signs the audited report but not exceeding 90 days from the end of the financial year.
Previously, on March 17, 2026, the Investigation Police Agency of the Ministry of Public Security announced the initiation of a case of "Causing environmental pollution; Violating regulations on research, exploration, and exploitation of resources; Violating regulations on accounting causing serious consequences", occurring at Duc Giang Chemical Group Joint Stock Company and related units.
Currently, the case is still under investigation, many accounting records and documents are being sealed and seized at the Investigation Police Agency, so the company cannot carry out the audit of the 2025 financial statements.
For force majeure reasons, the Company has sent documents to the SSC and HOSE requesting consideration to submit the audited financial statements for 2025 later than March 30, 2026. The Company said that immediately after the audit of the financial statements for 2025 can continue to be implemented, the Company will work with the auditing company and disclose complete information about the 2025 Audit Report after completion.
After the fluctuations related to the prosecution of the above case, DGC decided to convene an extraordinary General Meeting of Shareholders to elect 3 additional members of the Board of Directors. The General Meeting is scheduled to be held on May 8, with the ex-rights date being April 9.
Currently, DGC's Board of Directors still has 2 members, including Mr. Luu Bach Dat - Member of the Board of Directors cum General Director and Ms. Nguyen Thi Thu Ha - Independent Member of the Board of Directors. This number is lower than the minimum level according to regulations, so the company convenes a general meeting to consolidate the management apparatus.
DGC shares are the latest name added to the new margin cut list announced on April 2 of HOSE. After adding DGC, the list currently has 69 stocks that do not meet the conditions for margin trading, with most due to stocks being in the warning category (28 stocks), listing time under 6 months (15 stocks), being controlled (9 stocks) and net loss on the 2025 audited financial statements (7 stocks).
The rest were listed due to being concluded to have tax violations (3 codes), the audited financial statements for 2025 had opinions that were not fully accepted (4 codes), were subject to transaction restrictions (2 codes), suspension of transactions (2 codes), delayed publication of semi-annual reviewed financial statements for 2025 for more than 5 days (1 code) and were delisted (1 code).
