The decision to elect Mr. Dao Huu Kha to hold the position of Chairman of the Board of Directors was announced by Duc Giang Chemical Group (stock code: DGC) after a recent extraordinary shareholder meeting.
Accordingly, Mr. Dao Huu Kha (younger brother of Mr. Dao Huu Huyen) has been Chairman of DGC since May 8.
Mr. Kha was born in 1970, holds a Bachelor of Business Administration degree. He joined the company in 2008, is an official of the Project Department of Duc Giang Lao Cai Chemical Co., Ltd. He is a major shareholder of DGC with a ownership ratio of approximately 6% of capital, equivalent to nearly 22.7 million shares.
Immediately after receiving the new assignment, Mr. Dao Huu Kha signed a decision to appoint the chairman of the Board of Directors of 6 subsidiaries operating in the fields of chemicals, real estate and sports.
Senior personnel are consolidated by Duc Giang Chemicals after nearly two months since former Chairman Dao Huu Huyen was temporarily detained for violating regulations on accounting, resource exploitation and environmental pollution.
Mr. Dao Huu Duy Anh, Vice Chairman of the Board of Directors and son of Mr. Huyen, was also arrested for violating accounting regulations.
Mr. Huyen is still the largest shareholder here, holding 18.4% of capital, while individuals related to him own over 45% of capital.
Along with the election of a new Chairman of the Board of Directors, Duc Giang Chemical also consolidated the position of chief accountant. Accordingly, Ms. Truong Thi Loan holds the position of Chief Accountant of Duc Giang Chemical Group Joint Stock Company. The term of appointment is 3 years, from May 8, 2026.
According to a self-prepared report, in 2025, Duc Giang Chemicals recorded nearly 11,266 billion VND in net revenue, an improvement of 14% compared to the previous year. After-tax profit increased by nearly 3% to 3, 188 billion VND, exceeding the full-year plan. Total assets reached 19, 550 billion VND, an increase of nearly 1,000% after 10 years.
Duc Giang Chemicals has not yet submitted the audited financial statements for 2025, nearly 40 days late compared to regulations. Therefore, DGC shares have been transferred to control and left the VN30 index set.
Previously, the Department of Police for Investigation of Corruption, Economic Crimes, and Smuggling (Ministry of Public Security) prosecuted Mr. Dao Huu Huyen and many leaders of Duc Giang Chemical Group Joint Stock Company (Duc Giang Chemicals) for a series of violations related to waste dumping and illegal mineral exploitation...
As for Mr. Huyen - who at this time held the position of Chairman of the Board of Directors of Duc Giang Chemical Group cum Chairman of the Members' Council of Duc Giang Chemical Co., Ltd. - Lao Cai, he was prosecuted for 3 crimes: violating regulations on accounting causing serious consequences, violating regulations on exploitation of resources and causing environmental pollution.
