Bamboo Capital and Tracodi apologize to shareholders as shares are suspended

(NLDO) - Enterprises in the Bamboo Capital ecosystem have proactively implemented remedial measures.

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.

"The suspension of trading of BCG and TCD shares is an unexpected situation. We sincerely apologize for the inconvenience caused to shareholders by the suspension of trading of shares" - Bamboo Capital's announcement stated.

We are committed to continuing to strengthen the governance system and speed up the completion of audited financial reports. Bamboo Capital and its member units will focus all resources to promptly overcome this situation, provide transparent information, stabilize production and business activities and protect the interests of shareholders."

According to Bamboo Capital, the main reason for the delay comes from changes in the personnel system, including finance and accounting personnel, the large volume of financial documents that must be handed over, along with the process of handling bond obligations and debt restructuring requiring more time to complete procedures with the authorities.

Bamboo Capital apologizes to shareholders

However, businesses in the Bamboo Capital ecosystem have proactively implemented specific solutions.

In particular, the human resources apparatus at both Bamboo Capital and Tracodi has been basically completed with clear assignment of coordination responsibilities, especially in the finance - accounting sector.

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 enterprise, the audited financial report for 2024 of Bamboo Capital and Tracodi is expected to be released on December 31, 2025.

On the stock market, at the end of the session on October 3, both BCG and TCD hit the floor for 2 consecutive sessions, with no buyers, with a total remaining sell order of nearly 40 million shares.

Currently, TCD shares are at 2,100 VND/share, BCG is at 2,800 VND/share, down 55% compared to the beginning of the year.

Source: https://nld.com.vn/bamboo-capital-va-tracodi-xin-loi-co-dong-khi-co-phieu-bi-dinh-chi-196251003190704143.htm