Duc Giang Chemicals is racing to get its shares out of the warning list.

DGC shares have been placed on the warning list by HoSE since April 23rd due to the company's failure to submit its audited financial statements for 2025 by more than 15 days compared to the stipulated deadline.

On May 8th, Duc Giang Chemical Group Joint Stock Company (DGC) will hold its 2026 Extraordinary General Meeting of Shareholders. The meeting will focus on approving the dismissal and election of three additional members to the Board of Directors for the remainder of the 2024-2029 term, and the selection of an auditing firm.  

Specifically, DGC will submit a proposal to dismiss Mr. Dao Huu Huyen - Chairman of the Board of Directors, Mr. Dao Huu Duy Anh - Vice Chairman of the Board of Directors, and Mr. Pham Van Hung - Member of the Board of Directors, as these three individuals are currently under investigation by the Police Investigation Agency - Ministry of Public Security . The two auditing firms to be considered are A&C Auditing and Consulting Co., Ltd. and UHY Auditing and Consulting Co., Ltd.  

Recently, DGC also provided an explanation of the measures and roadmap to rectify the situation of its securities being placed under warning. According to the announcement on April 16th, the Ho Chi Minh City Stock Exchange decided to place DGC shares under warning status from April 23rd, 2026, due to violations of information disclosure obligations (the company was more than 15 days late in submitting its audited financial statements for 2025 compared to the stipulated deadline).  

DGC stated that it is currently in the process of selecting a new auditor for its 2025 financial statements at the upcoming extraordinary general meeting. Once the selection is made, the company will immediately proceed with the audit and release full information upon completion. This is expected to be done in the second quarter of 2026.  

The company also extended the date for its 2026 Annual General Meeting of Shareholders, tentatively scheduled for June 30, 2026, pending the results of the extraordinary General Meeting of Shareholders' election of additional Board members and the audited financial statements for 2025.

According to the company's self-prepared financial report, in the first quarter of this year, DGC achieved consolidated 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% compared to Q1/2025.

DGC stated that the decline in profit was partly due to a drop in revenue and partly due to a sharp increase in input material costs such as sulfur (prices tripled compared to the same period last year), electricity, coke, ammonia, etc.

In addition, in the first quarter of 2026, Mine Field 25 - DGC's key apatite ore mine - temporarily ceased operations for investigation purposes, so the company used entirely imported and externally purchased ore, leading to a higher cost of goods sold for yellow phosphorus compared to the same period in 2025.

Source: https://baodautu.vn/hoa-chat-duc-giang-chay-dua-dua-co-phieu-ra-khoi-dien-canh-bao-d587307.html