“Stock Market Titan Faces Mandatory Delisting Order”

Previously, this renowned brand had its public company status revoked by the State Securities Commission of Vietnam (SSC) due to an overly concentrated shareholder structure.

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On December 8, 2025, the Ho Chi Minh City Stock Exchange (HOSE) received Official Dispatch No. 8484/UBCK-GSĐC dated December 5, 2025, from the State Securities Commission (SSC) regarding the revocation of public company status for Bibica Corporation (Stock Code: BBC) effective from September 29, 2025.

Consequently, BBC shares of Bibica Corporation fall under mandatory delisting as per regulatory provisions.

In the latest update, HOSE announced the mandatory delisting of BBC shares of Bibica Corporation.

Currently, BBC shares are trading at VND 69,800 per share.

Previously, this renowned confectionery brand had its public company status terminated by the SSC due to no longer meeting the criteria for a public company, as its shareholder structure was overly concentrated. Currently, PAN Group holds 98.3% of the company’s shares, which also fails to meet the requirements of the Securities Law for public companies.

In October, Indonesian consumer goods conglomerate Sari Murni Abadi (SMA) announced its acquisition of Bibica from PAN Group. The deal includes all shares held by PAN (over 18.4 million units), equivalent to 98.3% of the charter capital.

Bibica is scheduled to hold an extraordinary shareholders’ meeting in early January, with detailed agendas yet to be announced.

Bibica is one of Vietnam’s leading and long-standing confectionery companies, producing and distributing high-quality brands such as Hura, Goody, Quasure, Zoo, aHHa, and Migita.

The confectionery giant currently operates two modern factories in Long An and Hanoi, with a distribution network of over 100,000 domestic outlets and exports to major markets including Japan, South Korea, and the United States.

In terms of business performance, Bibica recorded VND 1,127 billion in revenue for the first nine months of the year, a slight 2% increase year-on-year. Pre-tax profit reached over VND 86 billion, achieving approximately 56% of the annual profit target.

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