The Vietnam Minerals Corporation (VIMICO) issued a resolution on November 26, 2025, stating that it has not met the public company requirements under the Securities Law. The regulation requires at least 10% of voting shares to be held by 100 non-majority shareholders. If this situation remains unaddressed by January 1, 2026, VIMICO will have to file for revocation of its public company status. Currently, the Vietnam Coal and Mineral Industries Group holds over 98% of the equity, resulting in low liquidity for KSV shares with only 2% floating shares. The Board of Directors has instructed the General Director to report to the State Securities Commission on this issue while preparing for potential challenges ahead.
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