Many major companies, including PV GAS, BSR, and ACV, are facing the risk of losing their public company status due to failure to meet the requirements for small shareholder ownership ratios. PV GAS announced that only 4.24% of shares are held by minority shareholders, with 95.76% owned by the PVN Group. Similar situations arise at PGD and KSV, where major shareholders hold controlling stakes. According to new laws, these companies must have at least 10% of shares owned by 100 minority shareholders to maintain public company status.
If they fail to comply with this regulation after one year, they must file for the revocation of their public company status. This leads to their stocks being ineligible for listing on exchanges. Besides PV GAS and VIMICO, many other firms face similar issues, primarily due to state-owned enterprises holding large stakes. Solutions such as selling shares to strategic investors are being considered, but effective actions have yet to be taken.
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