Bamboo Capital, Tracodi apologize to shareholders when shares are suspended

(Dan Tri) - On the stock market, TCD's market price is 2,100 VND/share, BCG's is 2,800 VND/share, down 55% compared to the beginning of the year.

On October 3, Bamboo Capital Group (stock code: BCG) and its member company Tracodi (stock code: TCD) announced that they had received a decision from the competent authority to suspend trading of BCG and TCD shares due to the failure to complete the publication of the audited financial statements for 2024 as prescribed. The suspension period is from October 9, 2025.

With the above negative information, Bamboo Capital admitted that this was an unexpected situation and apologized to shareholders. “We are committed to strengthening the governance system, speeding up the completion of audit reports and information transparency. The Group and its member units will focus all resources to quickly overcome this situation, stabilize production and business and protect shareholders' rights,” the company's document emphasized.

BCG stock price is currently only equal to a glass of iced tea (Photo: VNDStock).

According to Bamboo Capital, the delay in publishing the report comes from many reasons. Notably, changes in the personnel system, especially in the finance and accounting sector, have prolonged the process of handing over documents. In addition, the process of handling bond obligations and debt restructuring requires more time to complete procedures with the authorities.

However, businesses in the Bamboo Capital ecosystem have proactively implemented specific solutions. In particular, the human resources system at both Bamboo Capital and Tracodi has been basically improved, with a clear division of coordination responsibilities, especially in the finance and accounting sector.

At the same time, Bamboo Capital said that the companies have been actively working with auditors, partners and bondholders to speed up the data synthesis process, in order to soon issue audited financial reports.

Regarding debt restructuring, the two enterprises said that both Bamboo Capital and Tracodi have worked with banks and related financial institutions to restructure debt, handle bond packages and have achieved certain progress.

According to the business, the 2024 audited financial report of Bamboo Capital and Tracodi is expected to be released on December 31.

On the stock market, at the end of the session on October 3, both BCG and TCD hit the floor for two consecutive sessions, with a total of nearly 40 million shares outstanding. TCD's market price is 2,100 VND/share, BCG's is 2,800 VND/share, down 55% compared to the beginning of the year.

Source: https://dantri.com.vn/kinh-doanh/bamboo-capital-tracodi-xin-loi-co-dong-khi-co-phieu-bi-dinh-chi-20251006105420266.htm