Stocks continuously hit the ceiling before the day Hanoi auctioned off all capital, Thuong Dinh Shoes (GTD) affirmed that it did not make any impact.

Recently, Thuong Dinh Shoe Joint Stock Company (stock code: GTD) has just issued an official dispatch explaining the fact that its stock price increased to the ceiling for 5 consecutive sessions from November 26 to December 2, 2025.

According to the document, Thuong Dinh Shoes said that production and business activities are still going on normally and there are no unusual factors affecting the stock price. The company affirmed that the price increase is an objective development according to market supply and demand and the company does not have any impact on the transaction price.

The content of the explanation dated December 3 is the same as the content of the company's explanation document dated November 26, 2025.

In the market, GTD is setting a series of 11 consecutive purple ceiling sessions from November 19 to December 3, 2025. The market price of this stock has increased from VND 11,800 to VND 52,200/share, equivalent to an increase of 4.4 times. This price has far exceeded the peak of more than VND 44,000/share when it was listed at the end of 2016. However, GTD shares are only liquidated with a few hundred shares/session.

Thuong Dinh Shoes' shares hit the ceiling price consecutively after the news that the Hanoi People's Committee wanted to divest capital from the company. Accordingly, the Hanoi People's Committee registered to auction more than 6.38 million shares, equivalent to the entire 68.67% of capital at Thuong Dinh Shoes. The starting price is 20,500 VND/share; the auction is expected to be held at 9:00 a.m. on December 16, 2025.

Thuong Dinh Shoes officially converted from a state-owned enterprise to a joint stock company in June 2016. Currently, the company's charter capital is 93 billion VND. Financial data as of the end of 2024 shows that the company's total assets are more than 120 billion VND.

Despite owning a long-standing brand, Thuong Dinh Shoes' business operations have encountered many difficulties in recent years, leading to an accumulated loss of more than 67 billion VND, and "eroding" equity to only more than 26 billion VND, by the end of 2024.

Source: https://daibieunhandan.vn/stocks-increased-in-the-long-trading-before-hanoi-dau-gia-thoai-sach-von-giay-thuong-dinh-gtd-khang-dinh-khong-thuc-hien-bat-ky-tac-dong-nao-10399327.html