New developments at Duc Giang Chemicals

Duc Giang Chemicals wants to transfer ownership of the Duc Giang Alcohol Factory - an asset of Duc Giang Chemicals Co., Ltd. - Dak Nong.

Duc Giang Chemicals approves the transfer of factory ownership at its subsidiary - Photo: DGC

Duc Giang Chemical Group Joint Stock Company (DGC) has just announced unusual information regarding a Board of Directors resolution approving the transfer of the Duc Giang Alcohol Factory. This factory is an asset of Duc Giang Chemical Company Limited - Dak Nong.

Accordingly, the Board of Directors authorizes the Chairman and Director of Duc Giang - Dak Nong Chemical Company Limited to seek partners, negotiate, determine the transfer value of the factory, and sign contracts in accordance with current legal regulations. The expected implementation time is in 2026.

According to the annual report, in April 2024, Duc Giang Chemicals successfully bid for the Dai Viet Alcohol Factory for over 253 billion VND. This asset was seized to enforce a judgment against Dai Viet Co., Ltd. in Tam Thang Industrial Park, Cu Jut District, Dak Nong Province. In 2024, the company invested an additional 60 billion VND and put the factory into operation in December 2024.

After completing the transaction, the corporation renamed the factory to Duc Giang Alcohol Factory and transferred its management to its subsidiary, Duc Giang Dak Nong One-Member Limited Liability Company.

You may also like

The Maison project by businessman Nguyen Quoc Cuong is "lightning fast" in handing over ownership certificates.(NLĐO) - The Maison project, developed by C-Holdings of businessman Nguyen Quoc Cuong, has handed over ownership certificates to customers just a few months after handing over the houses.

The new chairman of Duc Giang Chemicals: A discreet tycoon with a multi-billion dollar fortune.Duc Giang Chemical Group has officially appointed a new chairman, following the indictment of Mr. Dao Huu Huyen and his son.

Cash flow is shifting towards mid-cap and small-cap stocks.Cash flow remained cautious during the morning trading session on June 25th, while banking and securities stocks began to show positive signs.

On May 8, 2026, Duc Giang Chemicals held its 2026 Extraordinary General Meeting of Shareholders. This meeting aimed to finalize the leadership team following the indictment of Chairman Dao Huu Huyen, his son, and several other related leaders. Three new members were elected to the Board of Directors for the remainder of the 2024-2029 term: Mr. Dao Huu Kha, Mr. Nguyen Quoc Trung, and Mr. Pham Duy Tung.

Mr. Dao Huu Kha is the younger brother of Mr. Dao Huu Huyen and owns 22.7 million shares, equivalent to 5.97% of the charter capital of Duc Giang Chemicals.

In May 2026, the Ho Chi Minh City Stock Exchange issued a document changing DGC shares from the controlled category to the restricted trading category (adjusting from trading only in the afternoon session to trading only in even-numbered lots every 15 minutes during the session).

The corporation subsequently issued a written explanation outlining the measures and roadmap to address the trading restrictions on its securities – due to the late submission of its audited financial statements for 2025, exceeding the stipulated deadline by more than 45 days.

The company announced that it had approved the selection of UHY Auditing and Consulting Co., Ltd. as the auditor for its 2025 financial statements on May 8, 2026, and signed the audit contract on May 11.

The financial statement audit is being expedited. Duc Giang Chemicals is committed to working closely with UHY to ensure the audited financial statements are released as soon as possible. The company expects to disclose full information in Q2 2026.

According to the consolidated financial report for the first quarter of 2026, Duc Giang Chemical recorded net revenue of VND 2,125 billion, a decrease of 24% compared to the same period last year. Consolidated after-tax profit reached VND 430 billion, a decrease of 48.6%.

You may also like

VN-Index 'disappoints' at the end of the session: DGC continues to hit the floor price, STB falls sharply.The VN-Index narrowed its gains towards the end of the session as selling pressure increased, with Duc Giang Chemical's DGC continuing to hit the floor price, and STB falling sharply after news related to its name change plan.

Sky Real becomes the official distributor of IKI Village.Sky Real officially assumes the role of the main distributor for the IKI Village project – a high-end apartment complex positioned according to the wellness lifestyle trend, which is the focal point of the real estate market in the East of Ho Chi Minh City in 2026.

Areas in Ho Chi Minh City where house prices reach 400-500 million VND/m2.Apartment and low-rise housing projects in the central area of ​​Ho Chi Minh City, the Ben Thanh quadrilateral area, or land reclamation projects in Can Gio, are being offered for sale at prices up to 400-500 million VND/m2.

The main reason stems from the sharp increase in the prices of input materials such as electricity, coke, ammonia, etc., especially sulfur, which has tripled compared to the same period last year. In addition, the operation of Mine Field 25 (an important apatite ore mine in Lao Cai ) had to be temporarily suspended to facilitate investigation work.

Back to the topic

NGUYEN NGUYEN

Source: https://tuoitre.vn/dien-bien-moi-tai-hoa-chat-duc-giang-20260610060958413.htm