Duc Giang Chemicals has a new Chairman of the Board of Directors.

The decision to elect Mr. Dao Huu Kha as Chairman of the Board of Directors was announced by Duc Giang Chemical Group (stock code: DGC) after a recent extraordinary shareholders' meeting. Accordingly, Mr. Dao Huu Kha (younger brother of Mr. Dao Huu Huyen) became Chairman of DGC from May 8th.

Mr. Dao Huu Kha, born in 1970, holds a Bachelor's degree in Business Administration. He joined the company in 2008 as a Project Manager at Duc Giang Lao Cai Chemical Company Limited. He is a major shareholder of DGC, owning approximately 6% of the capital, equivalent to nearly 22.7 million shares.

Duc Giang Chemicals has a new Chairman of the Board of Directors.

Immediately after assuming his new role, Mr. Dao Huu Kha signed decisions appointing chairmen of the boards of directors for six subsidiary companies operating in the fields of chemicals, real estate, and sports .

Previously, Mr. Dao Huu Huyen, Chairman of the Board of Directors of the company, along with eight others, including his son Dao Huu Duy Anh, were prosecuted.

Mr. Huyen remains the largest shareholder here, holding 18.4% of the capital, while individuals related to him own over 45% of the capital.

Along with electing a new Chairman of the Board of Directors, Duc Giang Chemicals also filled the position of Chief Accountant. Accordingly, Ms. Truong Thi Loan was appointed Chief Accountant of Duc Giang Chemicals Group Joint Stock Company. The appointment is for a term of 3 years, effective from May 8, 2026.

Most recently, the Ho Chi Minh City Stock Exchange (HoSE) announced its decision to move DGC shares from the warning category to the control category effective May 13, 2026. The reason is that the company was more than 30 days late in submitting its audited financial statements for 2025 compared to the stipulated deadline.

HoSE placed DGC shares under warning status from April 23rd. Simultaneously, the stock was removed from the list of eligible stocks for margin trading due to a delay of more than 5 working days in publishing its audited financial statements from the stipulated deadline.

In its explanatory document regarding measures to remedy the situation of its shares being placed on the warning list, the company stated that it will re-select the auditing firm for the 2025 financial statements at the extraordinary general meeting of shareholders to be held on May 8, 2026.

Regarding business performance in the first quarter of 2026, DGC recorded net revenue of VND 2,125 billion, a decrease of 24% compared to the same period last year; after-tax profit decreased by nearly 49%, to VND 430 billion.

The company stated that the main reason was the sharp increase in input costs, especially the price of sulfur, which has tripled compared to the same period last year.

In addition, the suspension of mining at site 25 - a key apatite mine - has forced the company to rely entirely on imported and externally sourced ore, increasing the cost of producing yellow phosphorus.

Ngoc Vy

Source: https://vtcnews.vn/hoa-chat-duc-giang-co-tan-chu-tich-hdqt-ar1017287.html