In the latest announcement, the Ho Chi Minh Stock Exchange (HoSE) has decided to place BCG shares of Bamboo Capital Joint Stock Company under trading restrictions on the stock exchange from May 27 due to the company’s delay in submitting its 2024 audited financial statements beyond the 45-day deadline.
If Bamboo Capital fails to promptly address this situation, the shares may be subject to trading suspension or delisting.
Previously, BCG shares were placed under control by HoSE from May 13. The exchange also sent an official dispatch to Bamboo Capital, reminding them of the delay in disclosing the Q1/2025 financial statements.
In a clarification announcement released on May 9, Bamboo Capital attributed the delay to recent changes related to major shareholders and personnel at the company and its subsidiaries, which disrupted the financial reporting process. The company is still in the process of finalizing its financial statements.
“The audited consolidated financial statements of Bamboo Capital Joint Stock Company will be released in early September 2025,” Bamboo Capital announced.
According to the new regulations implemented with the KRX system, shares under trading restrictions like BCG can still be traded throughout the day, but are subject to multiple PCA call auction sessions, each lasting 15 minutes, and a closing call auction session to determine the closing price.
In the market, BCG shares plunged to the floor price of VND 3,070 per share on May 21, with no buyers. Prior to this, the share price had surged dramatically with consecutive ceiling prices, doubling in a short period of time. However, the upward trend did not last long following negative news.
Regarding the company’s business performance, according to the self-prepared Q4/2024 report, Bamboo Capital recorded consolidated revenue of VND 4,372 billion and after-tax profit of VND 845 billion for the full year 2024, up 9% and 394% respectively compared to the previous year.
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On May 20, the Ho Chi Minh City Stock Exchange (HOSE) announced that it would transfer BCG from control to restricted trading from May 27, due to a delay in submitting its audited financial statements for 2024, exceeding the regulatory deadline by 45 days. On the same day, another stock belonging to the Bamboo Capital family, TCD, faced similar punitive action from HOSE for the same infraction.
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