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3 clusters · 3 sources · 28 days · First seen · Last updated

Duc Giang Chemicals Group corporate developments

Overview

Duc Giang Chemicals Group (DGC) has undergone significant corporate restructuring and financial developments. Following its 2026 annual general meeting, the company announced major leadership changes, including the appointment of Pham Duy Tung as General Director and legal representative for a five-year term, succeeding Luu Bach Dat.

Regarding shareholder returns, DGC is proceeding with a cash dividend payout totaling 80%, or 8,000 VND per share. This includes a 30% advance for 2026 and 50% from 2025, with total expenditures expected to exceed 3,000 billion VND. The shareholder list will close on September 15, 2026, with payments expected on September 25. Major shareholders, including the family of former Chairman Dao Huu Huyen, are projected to receive over 800 billion VND. While the Ho Chi Minh City Stock Exchange has removed DGC from its warning list, the stock remains subject to trading restrictions due to previous delays in submitting audited 2025 financial reports.

In its subsidiary operations, DGC has nominated Nguyen Tat Dai and Nguyen Van Thoa to the Board of Directors of Tia Sang Battery Joint Stock Company (TSB), in which DGC holds a 51% controlling interest. This move coincides with a management restructuring at TSB. An extraordinary general meeting is scheduled for October 2, 2026, to dismiss board members Luu Bach Dat and Phung Trong Tu, who are reportedly under investigation by the Ministry of Public Security.

Entities

Duc Giang Chemicals Group · Dao Huu Huyen · Nguyen Tat Dai · Tia Sang Battery Joint Stock Company · Nguyen Van Thoa

Timeline

  1. 11 days ago

    [BUSINESS] 2 sources
    Duc Giang Chemicals Group nominates two members to Tia Sang Battery board

    Duc Giang Chemicals Group has nominated two candidates to the Board of Tia Sang Battery following legal investigations into previous leadership. DGC also announced an 80% dividend payout.

  2. 20 days ago

    [BUSINESS] 2 sources
    Duc Giang Chemicals Group to pay 80% cash dividend

    Duc Giang Chemicals Group will pay over 3,000 billion VND in cash dividends (80% rate) this September, with major shareholders receiving significant payouts despite ongoing trading restrictions.

  3. about 1 month ago

    [BUSINESS] 2 sources
    Duc Giang Chemicals Group announces major leadership changes

    Duc Giang Chemicals Group has appointed Pham Duy Tung as new General Director and announced several other high-level leadership changes following its 2026 annual general meeting.

Sources

cafef.vn · doanhnghiephoinhap.vn · mekongasean.vn

This summary has been updated 1 time: see revision history