According to the decision, the State Securities Commission of Vietnam (SSC) has mandated that Hoa Binh Securities Corporation (HBS) cease signing new contracts or extending existing ones related to margin lending services for customers. HBS is also required to halt all margin lending activities and submit a report to the SSC within 48 hours of being placed under special control.
HBS must disclose detailed financial information, including the causes of the situation and the proposed solutions, and report these to the SSC.
Hoa Binh Securities Corporation previously faced suspension of securities depository activities. Illustrative image.
On October 3, the Hanoi Stock Exchange (HNX) issued a decision to restrict trading of HBS shares due to the delayed submission of the audited semi-annual financial report for 2025, which exceeded the 45-day limit. As a result, HBS shares can only be traded on Fridays, starting from October 8.
HBS shares were also moved from the warning list to the controlled list on September 22, due to the company’s delay in submitting the audited semi-annual financial report for 2025, which exceeded the 30-day limit. Currently, the market price of HBS shares stands at 6,100 VND per share.
Earlier, Hoa Binh Securities Corporation experienced significant changes in its senior leadership. In August, Mr. Le Dinh Duong, Chairman of the Board of Directors (BOD) for the 2023-2028 term, resigned for personal reasons. Subsequently, Ms. Tran My Linh, a BOD member, was elected as the new Chairwoman.
The company’s Q2 financial report for 2025 revealed that in the first six months of the year, operating revenue reached 15 billion VND, with after-tax profit at 5.8 billion VND, marking a 14% and 28% decline, respectively, compared to the same period last year.
Recently, Hoa Binh Securities Corporation, Bao Tin Manh Hai, and a group of companies associated with Ms. Nguyen Thi Loan (formerly known as the Chairwoman of Vimedimex Group) and Vimedimex Group jointly established a cryptocurrency asset company with a capital of 10 trillion VND. Hoa Binh Securities Corporation holds a 2% stake in this venture.
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