The Hanoi Stock Exchange (HNX) issued Decision No. 1114/QĐ-SGDHN on September 18, placing HBS shares of Hoa Binh Securities Corporation under special control starting September 22.
This decision stems from Hoa Binh Securities’ delayed submission of its audited 2025 semi-annual financial report, exceeding the 30-day grace period. This violation falls under Article 36, Clause 1(g) of the Listing and Trading Rules for Listed Securities, as outlined in Decision No. 22/QĐ-HĐTV dated April 18, 2025, by the Vietnam Stock Exchange’s Board of Directors.
Within 15 days of this decision’s effective date, Hoa Binh Securities must submit to HNX and publicly disclose its plan to rectify the situation leading to the special control status.
Previously, HBS shares were placed under warning by HNX due to a 15-day delay in submitting the same audited financial report.
Recently, Hoa Binh Securities underwent a leadership change with the resignation of Mr. Le Dinh Duong as Chairman of the Board of Directors. On August 25, 2025, the Board unanimously approved Mr. Duong’s resignation based on personal reasons.
Ms. Tran My Linh was subsequently elected as the new Chairwoman for the 2023-2028 term, effective August 25, 2025. Born in 1982, Ms. Linh holds a Bachelor’s degree in Economics and a Master’s degree. She previously served as Deputy General Director of HBS since September 2022.
In addition to her role at Hoa Binh Securities, Ms. Linh is a Board Member and CEO of Vimedimex Pharmaceutical JSC (VMD, listed on HoSE). Notably, she holds no shares in either HBS or VMD.
Ms. Linh also serves as a representative for several companies, including Nhue Giang Construction Investment JSC, Bac Tu Liem Housing Development JSC, and Thien Khanh Real Estate LLC.
While stepping down as Chairman, Mr. Le Dinh Duong was appointed Vice Chairman for the 2023-2028 term, effective August 25, 2025.
Born in 2003, Mr. Duong is the second son of former HBS Chairwoman Nguyen Thi Loan. He joined the HBS Board at the 2023 Annual General Meeting at the age of 20.
Following that meeting, Mr. Trinh Thanh Giang was appointed Chairman, with Mr. Duong as Vice Chairman. After Mr. Giang’s resignation, Mr. Duong assumed the chairmanship. He submitted his resignation on August 22, 2025, citing personal reasons.
As of Q2 2025, Mr. Duong holds over 6.5 million HBS shares, representing 19.7% of the company’s capital.
Mr. Duong’s elder brother, Mr. Le Xuan Tung (born 1995), also serves on the HBS Board and chairs Vimedimex.
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