Several major enterprises in Vietnam, such as PV GAS, BSR, ACV, and large banks, are preparing to revoke their public company status due to failure to meet the regulatory requirement for retail shareholder ratios. PV GAS announced that they only have 4.24% of shares held by non-majority shareholders, primarily dominated by PVN with 95.76%. Similar situations occur in other companies like VIMICO, BIDV, and GVR, with ownership ratios of small shareholders below 10%. These companies violate regulations in the Securities Law, leading to the need to submit applications for delisting as public companies. Proposed solutions include seeking new investors and restructuring capital. The consequence is that the stocks of these companies may no longer qualify for listing on stock exchanges, negatively impacting the market.
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