Shares of Apax Holdings, owned by 'Shark' Thủy, have been delisted from the stock exchange.

IBC shares of Apax Holdings, chaired by "Shark" Thủy, will be delisted from the stock exchange.

The Hanoi Stock Exchange (HNX) has announced the delisting of over 83 million shares of Apax Holdings Investment Joint Stock Company from the UPCoM system. The last trading day for these shares on UPCoM was December 19th, and the official delisting date was December 22nd. Apax Holdings is headquartered at 88 Lang Ha Street (Hanoi), and its legal representative is Mr. Nguyen Ngoc Thuy (also known as Shark Thuy), who is also the Chairman of the Board of Directors. Before the delisting, IBC shares were trading at 1,700 VND.

The reason for delisting, as stated by HNX, is that the company's status as a public company was revoked according to Official Letter No. 8570/UBCK-GSĐC dated December 9, 2025, from the State Securities Commission, falling under the mandatory delisting requirement as stipulated by regulations.

Apax Holdings shares, owned by 'Shark' Thủy, are about to be delisted from the stock exchange.

PHOTO: NGOC THANG

Apax Holdings had its shares listed on the Ho Chi Minh City Stock Exchange since 2017. However, at the end of 2023, IBC shares were compulsorily delisted due to serious violations of information disclosure obligations.

Subsequently, the stock was transferred to trading on UPCoM but remained suspended. According to published data, Apax Holdings has not disclosed financial information for nearly three years, since recording a loss of over 69.1 billion VND in 2022.

Notably, in mid-November, the Investigation Police Department of the Ministry of Public Security completed its investigation into the case of "Fraudulent appropriation of property; bribery; and receiving bribes" that occurred at Egroup Education Group Joint Stock Company, Egame Investment and Distribution Joint Stock Company, Nhat Tran Trading and Service Joint Stock Company, and several related entities. In this case, the defendant Nguyen Ngoc Thuy, Chairman of the Board of Directors and General Director of Egroup, was recommended for prosecution on two charges: bribery and fraudulent appropriation of property. According to the investigation conclusion, Egroup was established in 2008, and after 19 changes, had a charter capital of 962 billion VND, with Mr. Thuy serving as Chairman of the Board of Directors and General Director.

This conglomerate operates on an ecosystem model comprising over 20 companies, with Egroup playing the main role as the parent company to raise capital, coordinate, and invest in companies within the ecosystem. To repay investors, compensate for business losses, and implement the idea of ​​opening a chain of English language education centers, preschools, healthcare services, and organic food stores, Shark Thủy initiated and directed the use of the legal entity of Egame Company to raise capital through the transfer of Egroup shares. The Department of Investigation of Crimes related to Corruption, Economics , and Smuggling (C03) determined that during the period 2015-2023, the defendant Nguyen Ngoc Thuy sold over 206 million shares exceeding the charter capital, signed 26,236 contracts with 10,063 investors, and embezzled over 7,677 billion VND. This money has been fully utilized and is no longer recoverable...

Source: https://thanhnien.vn/co-phieu-apax-holdings-cua-shark-thuy-bi-huy-giao-dich-บน-san-chung-khoan-18525121708412365.htm