A website named Louis Holdings suddenly appeared in recent days, posting an open letter from Mr. Do Thanh Nhan and a call to authorized shareholders to organize an extraordinary general meeting of shareholders in 2026. This move made the market once again pay attention to the "Louis ecosystem" that once "stormed" the stock exchange in 2021.
According to the posted content, Mr. Nhan said that he had sent a document requesting the Board of Directors of Louis Holdings Joint Stock Company to convene an extraordinary General Meeting of Shareholders to review shareholder status, inspect asset and debt situation, clarify management responsibilities and implement enterprise restructuring.
In the letter, Mr. Nhan repeatedly emphasized the goal of "protecting shareholders' rights", "legal stability" and called on shareholders to accompany to help businesses "rejuvenate strongly".
This website also posted the authorization form, online registration instructions and requested to send the original dossier to Ho Chi Minh City before 12:00 PM on June 5, 2026. According to the published content, the authorized person may be an individual selected by shareholders or Mr. Do Thanh Nhan.
According to research, the domain name louisholdings.vn was registered on May 4, 2026 with the entity named "DO THANH NHAN". Business information on the website shows that this is Louis Holdings JSC.
Business registration data shows that the most recent change took place on June 21, 2022, when the position of legal representative cum General Director was transferred from Mr. Nguyen Mai Long to Mr. Ho Dang Dan. The enterprise has a charter capital of nearly 1,030 billion VND.
In the open letter, Mr. Nhan said that Louis Holdings is experiencing "internal fluctuations and disputes", and said that he has requested functional agencies to verify the status of legal representative to limit risks in the business operation process.
The name Do Thanh Nhan was once associated with the "Louis family" stock group, which caused a fever on the stock market in 2021. At that time, Louis Holdings continuously participated in M&A deals, renaming businesses and expanding into many fields such as financial investment, real estate, agriculture or commerce.
A series of businesses such as Louis Capital, Louis Land, Angimex, Sametel or Lam Dong Pharmaceutical once became the focus of speculative cash flow in the stock market.
In the peak period, many stocks in this group increased in price many times in just a few months. TGG once increased sharply compared to the price range at the beginning of 2021, while BII from the low-priced stock group jumped to tens of thousands of VND/share.
However, the speculative wave quickly reversed. A series of stocks in the Louis ecosystem plummeted, fell to the floor for a long time and lost liquidity, trapping many investors.
In April 2022, the Ministry of Public Security initiated a case of stock market manipulation that occurred at Louis Holdings JSC and related units. According to the prosecution agency's accusation, Mr. Do Thanh Nhan and a number of individuals used many accounts to manipulate the stock prices of BII and TGG, illegally profiting more than 154 billion VND.
Earlier this year, BII shares - one of the codes that once belonged to the "Louis" ecosystem - were cancelled from trading registration on the UPCoM exchange due to loss of public company status.
