On May 17, 2023, the State Securities Commission of Vietnam (SSC) announced the cancellation of Thibidi’s public company status (Ticker Symbol: THI) in a notice sent to the company.\/em>\/p>\n

Specifically, the SSC sent a letter to Thibidi regarding the revocation of the company’s public company status from April 17, 2023.\/p>\n

\
Thibidi’s new factory in Long Duc Industrial Park.\/figcaption>\/figure>\n

Earlier, at Thibidi’s 2023 annual general meeting held on April 17, shareholders passed a resolution to cancel the company’s registration as a public company, delist all shares on the Ho Chi Minh Stock Exchange (HOSE), and cancel the securities registration at Vietnam Securities Depository.\/p>\n

Regarding the reason for delisting, according to regulations, a public company is a joint stock company that falls into one of two categories: A company with a charter capital of VND 30 billion or more, or a company with a minimum of 10% of voting shares held by at least 100 investors who are not major shareholders.\/p>\n

In 2023, Thibidi targets net revenue of VND 1,201 billion, a decrease of 23% compared to the same period last year, and a profit before tax of VND 50 billion, an increase of 6% compared to the same period last year.\/p>\n

The company’s Board of Directors has also outlined solutions for 2023, focusing on production and business activities, stabilizing existing markets, and expanding export markets.\/p>\n

After completing the relocation of its factory to Long Duc Industrial Park, Thibidi now has modern infrastructure, large-scale workshops, and advanced machinery and equipment, which will contribute to the company’s plan to expand its brand promotion and consumption in the Northern market.\/p>\n

Communications Department, GELEX Group\/strong>\/p>\n","protected":false},"excerpt":{"rendered":"

On May 17, 2023, the State Securities Commission of Vietnam (SSC) announced the cancellation of Thibidi’s public company status (Ticker Symbol: THI) in a notice sent to the company. Specifically, the SSC sent a letter to Thibidi regarding the revocation of the company’s public company status from April 17, 2023. 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