Many large companies in Vietnam, such as PV GAS (GAS), BSR, ACV, are facing the risk of losing their public company status due to failing to meet stock ownership regulations. PV GAS announced that the major shareholder PVN holds 95.76% of the shares, leaving only 4.24% for 17,494 minority shareholders. Similarly, BSR faces the same situation with 92.1% of shares owned by PVN. According to current regulations, a company must have at least 10% of shares owned by more than 100 non-major investors to maintain public company status. Other companies like BIDV, GVR, and many state companies are in the same situation. If they do not adjust their shareholder structure, they will have to submit applications to revoke their public company status, resulting in their stocks not being listed on the stock exchanges. Some companies are seeking to reduce the ownership ratio of major shareholders to meet the regulations, but challenges persist.
Leave a Reply