On the morning of January 15th, TVN shares surged to a 15% ceiling at the opening before cooling down to an 11% increase by 11 a.m. Trading volume spiked to nearly 3.5 million shares, significantly surpassing the 52-week average of over 500,000 shares per session—and the morning session wasn’t even over yet.
Source: VietstockFinance
|
This positive trading session extends the price rally since January 7th, when the company announced it no longer qualified as a public company.
Specifically, VNSteel stated it currently fails to meet the requirement of having at least 10% of voting shares held by a minimum of 100 non-major investors. The reason is that the State Capital Investment Corporation (SCIC) holds a staggering 93.93% of TVN‘s capital.
Since the announcement, TVN shares have skyrocketed over 30% in just one week.
| TVN Share Performance |
TVN isn’t alone; several other stocks have recently surged on news of failing public company criteria. Investors anticipate a wave of state divestments from enterprises to meet public listing standards and maintain their listings. Additional momentum stems from the Politburo’s resolution on state economic development.
– 11:31 15/01/2026
SonaDezi No Longer Meets Public Company Criteria
With the Dong Nai Provincial People’s Committee holding a staggering 99.54% of its charter capital, Sonadezi’s shareholder structure is highly concentrated. This level of ownership falls outside the parameters of a public company as defined by Vietnam’s Securities Law.
PV Gas No Longer Meets Public Company Criteria
PV Gas has announced that it no longer meets the criteria for a public company, as the minority shareholder group holds only 4.24% of the charter capital, falling below the legal minimum requirement of 10%.
“70-Year-Old Company’s Stock Plunges in 7 Consecutive Sessions: What’s Really Happening?”
The stock price surged to 30,000 VND per share, marking a staggering 154% increase in less than two weeks and reaching its highest level in five years.
Brokerage Firm’s Stock Surges to Upper Limit Ahead of Extraordinary Shareholder Meeting
Previously, VIX experienced a steep decline, with its price plummeting from nearly 40,000 VND per share (on October 16th) to below 23,000 VND per share (by November 25th). This represents a staggering loss of almost 74% in value within just over a month.
The Joy of Billionaire Nguyen Thi Phuong Thao on Vietnam Teachers’ Day
VJC shares surged to their upper limit on November 20th, significantly boosting the net worth of billionaire Nguyen Thi Phuong Thao on Vietnamese Teachers’ Day.
