Duc Giang Chemicals plans to sell off some of its assets.

Duc Giang Chemical Group Joint Stock Company (DGC) has just announced unusual information regarding its plan to transfer ownership of the Duc Giang Alcohol Factory.

Accordingly, the DGC Board of Directors unanimously approved the policy of transferring the Duc Giang Alcohol Factory, which is an asset of Duc Giang - Dak Nong Chemical Company Limited.

The Board of Directors authorizes the Chairman and Director of Duc Giang - Dak Nong Chemicals to find a buyer, negotiate, determine the transfer value of the ethanol plant, and sign the transfer contract for the ethanol plant.  

The project is expected to be implemented in 2026.  

Duc Giang - Dak Nong Chemical Company Limited has a charter capital of VND 600 billion and is a wholly owned subsidiary of DGC. In 2025, Duc Giang - Dak Nong Chemical Company Limited incurred a loss of VND 22 billion, making it DGC's largest loss-making subsidiary despite achieving net revenue of VND 347 billion.  

You may also like

The VN-Index experienced a brief surge, then fell sharply after a record-breaking rally.The VN-Index retreated to 1,736.68 points after a nearly 80-point increase in the previous session, with 410 declining stocks overwhelmingly outnumbering 291 rising stocks.

Vietnamese people in Orange County are worried about the risk of chemical tanks exploding.Upon returning home from the supermarket, Hoang Anh found police officers standing outside her door, ordering her entire family to leave immediately because a chemical tank near their home in California was at risk of exploding.

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

Previously, in 2024, DGC successfully auctioned off the Dai Viet alcohol factory, an asset seized to enforce a judgment against Dai Viet Company Limited. DGC spent over 253 billion VND on this auction. Subsequently, DGC transferred the entire auctioned asset to Duc Giang Dak Nong and established the Duc Giang Alcohol Factory as a subsidiary of this company.  

DGC's 2025 annual report still outlines the investment status of projects from the past year, including the upgrade of the 99% ethanol production system and the CO2 recovery station at the ethanol plant project. The total disbursed amount in 2025 is VND 64.5 billion. The investment is expected to be completed and commissioned in Q3/2026.  

Duc Giang Chemicals is going through a difficult period. Besides restructuring its senior management, the company is also seeking ways to overcome the trading restrictions imposed on its securities due to the late submission of its audited 2025 financial statements, exceeding the stipulated deadline by more than 45 days.  

Specifically, DGC stated that on May 8, 2026, the company's Board of Directors passed a resolution selecting UHY Audit and Consulting Co., Ltd. to audit the 2025 financial statements. On May 11, 2026, the company signed an audit contract with UHY Audit and Consulting Co., Ltd. to audit the financial statements for the fiscal year ending December 31, 2025. Currently, the audit of the company's 2025 financial statements is being urgently implemented.  

United States - Vietnam: Don't miss

Vietnam encourages US businesses to expand investment in high technology.On the morning of June 26th, at the Government Headquarters, Deputy Prime Minister Ho Quoc Dung received Mr. Jeff Place, Supply Chain Director of Coherent Group (USA). During the meeting, the Deputy Prime Minister affirmed that Vietnam encourages US businesses to expand investment, especially in high-tech, innovation, and semiconductor industries.

Encourage U.S. businesses to expand investment in high-tech sectors.Deputy Prime Minister Ho Quoc Dung said that Vietnam welcomes US businesses to continue expanding their operations in Vietnam, especially in high-tech industries and sectors with high added value.

Vietnam and the United States strengthen cooperation in addressing the consequences of war.VTV.vn - On June 22, General Secretary and President To Lam received Acting Secretary of the US Navy Hung Cao.

DGC is committed to working closely with UHY Accounting and Consulting Co., Ltd. to ensure the Audit Report is released as soon as possible. Immediately after the Audit Report is signed and released, the Company will make full disclosures in accordance with current legal regulations. This is expected to be done in Q2/2026.

Source: https://baodautu.vn/hoa-chat-duc-giang-tinh-ban-bot-tai-san-d617353.html