Thai Binh Cement plans delisting from HNX due to capital shortfall

Thai Binh Cement JSC will host an EGM on October 9, 2025, to address its current financial standing and future regulatory compliance. The company, with charter capital and equity of VND 15,102,800,000, no longer meets the conditions to be a public company, as its capital falls below the VND 30 billion threshold stipulated by Vietnam's Securities Law.

The EGM agenda includes key resolutions such as approving the delisting of securities from the HNX exchange and the cessation of its public company status. Additionally, the board of directors will present a plan outlining how shareholder rights will be addressed post-delisting, including the company managing its shareholder list and mediating share transactions. The company also states it may buy back shares from minority shareholders who wish to sell.

The meeting will be held at 8:30 AM at the company's auditorium at No. 01, Quach Dinh Bao Street, Thai Binh Ward, Hung Yen Province. Shareholders on record as of June 16, 2025, are eligible to attend.