The stock KSV of the Mining Joint Stock Company – TKV (VIMICO) sharply dropped by 25% in the trading session on December 2, 2025, reducing its market capitalization to 22 trillion VND, a decline of over 7.5 trillion VND in just 3 days. The reason is due to VIMICO announcing a resolution confirming it has not met the public company requirements as per the Securities Law. To be eligible, the company must have at least 10% of voting shares held by at least 100 non-majority shareholder investors. VIMICO’s Board of Directors decided to explain the current shareholder structure to the State Securities Commission. However, if the requirements are not met by January 1, 2026, VIMICO will submit a file to revoke its public company status. VIMICO is a major player in Vietnam’s mining industry, possessing several important mineral mines.
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