GKM Holdings explains stock decline after control status imposed

GKM Holdings Joint Stock Company (GKM) has provided an official explanation concerning its stock's decline, which saw shares hit the floor price for five consecutive sessions from October 3 to October 31, 2025. This explanation follows a decision by the Hanoi Stock Exchange (HNX) on September 22, 2025, to place GKM shares under control.

The control status was imposed because GKM Holdings belatedly submitted its semi-annual financial report for 2025, which was subject to review. The delay exceeded 30 days past the regulatory deadline, falling under point g, clause 1, article 37 of the listing and trading regulations for listed securities.

GKM Holdings confirmed that the information regarding its control status was publicly disclosed on its corporate website on October 30, 2025. The company also stated that it had committed to resolve the issue by submitting its reviewed 2025 semi-annual financial report before October 31, 2025, and has now completed this commitment.