On May 6, the Ho Chi Minh Stock Exchange announced the transfer of shares from CTCP Bamboo Capital Group (BCG) and CTCP Tracodi Construction Group (TCD) from caution to control status starting May 13, 2025, due to delays in submitting the 2024 audited financial report by over 30 days. Both companies have also failed to disclose their Q1 2025 financial statements as required. Bamboo Capital has faced significant disruptions related to major shareholders and personnel, affecting its financial reporting process. The audit report is expected to be completed by August 2025 and released in September 2025. Tracodi is also restructuring and working with auditors to finalize its financial statements. In March, Bamboo Capital announced the decision to prosecute former Chairman Nguyen Ho Nam and TCD’s Vice Chairman, leading to a significant drop in stock prices within the “Bamboo” ecosystem, with BCG currently at 3,020 VND/share and TCD at 1,890 VND/share.
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