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Duc Giang Chemicals Group corporate developments

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2026-09-04 04:14 UTC → 2026-09-12 14:53 UTC · added ~~removed~~

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. ~~Subsequent to these governance changes, the company announced~~ Regarding shareholder returns, DGC is proceeding with a cash dividend payout totaling 80%, or 8,000 VND per share. This ~~distribution~~ includes a 30% advance for 2026 and 50% from 2025, with ~~an expected~~ total ~~expenditure exceeding~~ 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.

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