What's happening at Duc Giang Chemicals?

Shares of Duc Giang Chemical Group (DGC) continue their sharp decline. While the management remains silent, many investors holding these shares are worried and asking, "What's happening?"

Mr. Dao Huu Huyen, Chairman of the Board of Directors of Duc Giang Chemical Group - Photo: DGC

Closing the session on December 24th, the VN-Index rose for the fifth consecutive session to 1,783 points, setting a new record based on closing price.

Conversely, the share price of DGC, Duc Giang Chemical Group Joint Stock Company, continued to fall by another 5.25% compared to the reference price, dropping to 65,000 VND per unit.

Notably, this leading chemical stock has experienced sharp declines in 6 out of its last 7 trading sessions, including 3 sessions hitting the floor limit. Overall, in the last 10 days, the stock has lost nearly 33% of its market value, causing considerable concern among investors.

Foreign capital is also withdrawing from this stock. In the past month, DGC has been the second-highest net selling stock by foreign investors on the market, with a value of over 1,000 billion VND.

Under heavy selling pressure and a drop in share price, Duc Giang Chemical's market capitalization has shrunk significantly, to only about 24,685 billion VND at the close of trading today.

Notably, just a few days earlier, on December 15th, the company's market capitalization remained above 35,300 billion VND.

According to current regulations, listed companies whose shares experience price increases to the ceiling or decreases to the floor price for five consecutive trading sessions must disclose information and explain the reasons for the unusual fluctuations in share price.

Although DGC shares have only experienced three consecutive days of limit-down drops interspersed with one day of recovery, and are not yet subject to reporting requirements for explanation, the downward pressure shows no sign of abating.

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The assets of the Chairman of Duc Giang Chemical Company and his relatives have "vanished" by thousands of billions of dong.The family of Chairman Dao Huu Huyen holds over 40% of Duc Giang Chemical's capital. When the stock plummeted, their net worth evaporated by thousands of billions of dong.

A company requested an investigation into signs of unusual stock price movements.The stock hit its upper limit for several consecutive sessions, and the company requested that authorities investigate signs of unusual trading activity.

Many investors are still anxiously awaiting an official response from the company's management.

As of the evening of December 24th, the latest information released by the company only concerns dividend payments.

According to the director of a securities company, businesses don't necessarily have to wait until their stock price hits the floor limit for five consecutive sessions before speaking out. In fact, many companies have proactively shared information with shareholders as soon as their stock price fluctuates sharply.

He cited the case of a real estate company recently, which, after a sharp decline in a single trading session, promptly responded to rumors circulating about a high-ranking executive. Immediately afterward, the stock price quickly recovered.

Although each company faces different challenges and employs different strategies, the expert believes that proactively and promptly providing transparent information to shareholders remains crucial in stabilizing market sentiment.

Meanwhile, the sharp drop in DGC shares over a short period, accompanied by a surge in trading volume, has created a sense of anxiety among many investors.

Looking back, the performance of DGC shares has been quite surprising. Even at the beginning of December, many securities companies were still positively assessing the prospects of this stock. KBSV, in particular, maintained a buy recommendation for DGC with a target price of VND 121,900 per share, and an expected return of 29.7% (compared to the closing price on December 8, 2025).

According to KBSV, DGC shares received positive news regarding the approval of the investment plan for the Duc Giang Residence project, with expectations of commencement of construction in 2026.

Who holds the majority stake in Duc Giang Chemicals?

At Duc Giang Chemicals, the shareholder structure shows that the family of Mr. Dao Huu Huyen - Chairman of the Board of Directors - holds a significant stake.

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According to the corporate governance report for the first six months of 2025, Mr. Dao Huu Huyen currently holds nearly 69.8 million DGC shares, equivalent to 18.38% of the company's capital.

Ms. Nguyen Thi Hong Lan, Mr. Huyen's wife, also owns nearly 14.3 million DGC shares, equivalent to 3.76%.

Meanwhile, Mr. Dao Huu Duy Anh, Mr. Huyen's son, holds over 11.43 million DGC shares, equivalent to 3.01%. In addition, many relatives of the DGC Chairman also hold shares in the group.

The recent drop in share price has caused this group of major shareholders to lose trillions of dong in market capitalization.

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BINH KHANH

Source: https://tuoitre.vn/chuyen-gi-dang-xay-ra-o-hoa-chat-duc-giang-20251224210950903.htm