Sonadezi (SNZ) disclosed that it currently does not meet public company requirements under the Securities Law. Per the VSDC shareholder list dated October 8, 2026, Dong Nai Provincial People's Committee holds 99.54% of voting shares while 483 other shareholders hold just 0.46%, whereas at least 10% must be held by at least 100 non-major investors. A proposal to keep state ownership until 2030 is under review by the Dong Nai People's Committee and the Department of Finance. Earlier, Supervisory Board Head Dang Le Bich Phuong was prosecuted and detained in May 2026 for violating rules on managing and using state assets, causing loss and waste. In H1 2026, revenue fell 25.7% to VND 2,751.8 billion and post-tax profit dropped 43.9% to VND 727.28 billion, while gross margin narrowed from 49.1% to 37.4%.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Bà Đặng Lê Bích Phượng bị bắt, doanh nghiệp phát thông báo quan trọng
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