Da Nang Rubber JSC (DRC) disclosed that Board member and CEO Lê Hoàng Khánh Nhựt has been indicted for “embezzlement of property,” and the Board dismissed him as CEO and assigned Văn Trung Tâm to lead management. In Q3 2026, net revenue was over 1,048 billion VND, down 15%, while gross profit rose 6% to 175 billion VND as cost of goods sold fell faster than revenue. However, management expenses jumped to 55 billion VND, 2.4 times the year-earlier level, pushing after-tax profit for the quarter down 64% to nearly 15 billion VND. For the first nine months, net revenue fell 10.9% to 3,379 billion VND and after-tax profit was 63 billion VND, down 23%. The company plans an extraordinary shareholders' meeting after December 20, 2026, and DRC shares closed the October 23 session at 9,530 VND per share, the lowest level in six years.
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Original headline: Ông Lê Hoàng Khánh Nhựt bị khởi tố, doanh nghiệp công bố tài liệu quan trọng
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