CC1 Stock Trading Restricted from June 1 Due to Late Audited Report

Overview

CC1, the stock of Tổng Công ty Xây dựng Số 1 - CTCP (UPCoM: CC1), will be restricted to trading only on Fridays starting June 1, 2026, due to the company’s failure to submit its audited 2025 financial statements within 45 days of the deadline. Separately, the company secured a VND 2 trillion credit line from Techcombank (HOSE: TCB). The restriction highlights ongoing disclosure issues, while the credit line provides short-term liquidity support.

Key Facts

• CC1 stock will be restricted to trading only on Fridays from June 1, 2026, due to delayed submission of audited 2025 financial statements beyond 45 days.
• The company secured a VND 2 trillion credit line from Techcombank, comprising VND 1,950 billion in short-term revolving facility (loans, guarantees, LCs) and VND 50 billion in short-term revolving facility (loans and financial guarantees).
• As of end-Q1 2026, CC1 had total liabilities of nearly VND 11.6 trillion, up 17% from the start of the year, with borrowings of VND 6,579 billion (57% of total liabilities).
• BIDV (HOSE: BID) is the largest creditor with VND 1,533 billion in short-term debt and VND 1,307 billion in long-term debt via the Vietnam Development Bank (VDB).
• Short-term advances from customers surged to over VND 3,645 billion, nearly triple the level at the start of the year, mainly due to VND 1,758 billion in advances from CTCP Đường Cao tốc Vành đai 4 Hà Nội.
• CC1 holds a 34.62% stake in the consortium for the Ring Road 4 project in Hanoi, a PPP project with total investment of over VND 56,293 billion.
• HNX required CC1 to submit an explanation and remediation plan within 15 days of the restriction.

What Happened

On May 27, 2026, the Hanoi Stock Exchange (HNX) decided to place CC1 stock under trading restrictions, effective June 1, due to the company’s failure to submit its audited 2025 financial statements more than 45 days after the deadline. As a result, CC1 shares can only be traded on Fridays. HNX also mandated that CC1 provide a written explanation and a remediation plan within 15 days.

Separately, the Board of Directors of Tổng Công ty Xây dựng Số 1 approved the use of a VND 2 trillion credit line from Techcombank. The facility includes VND 1,950 billion in short-term revolving credit for loans, guarantees, and letters of credit, and VND 50 billion for loans and financial guarantees. This credit line comes as the company’s total debt reached nearly VND 11.6 trillion at end-Q1 2026, with borrowings of VND 6,579 billion.

Market Context

CC1 stock closed at VND 34,000 on May 31, 2026, down 0.58% with a volume of only 600 shares. The stock has gained 10% year-to-date, but liquidity remains extremely low, averaging just over 2,100 shares per session. The trading restriction is likely to further reduce liquidity and may pressure the stock price. CC1 is listed on UPCoM, which typically has lower liquidity than HOSE or HNX.

Strategic Significance

The trading restriction underscores governance and disclosure risks at CC1, which could affect investor confidence. However, the company’s involvement in the large-scale Ring Road 4 PPP project in Hanoi, where it holds a 34.62% stake, provides a long-term revenue pipeline. The VND 2 trillion credit line from Techcombank offers short-term liquidity support, but the high debt levels (nearly VND 11.6 trillion) and reliance on advances from project partners warrant close monitoring. The resolution of the delayed audit will be a key near-term catalyst.

What to Watch

• Submission of audited 2025 financial statements and removal of trading restriction.
• CC1’s explanation and remediation plan to HNX within 15 days.
• Progress on the Ring Road 4 project and related cash flows.
• Q2 2026 earnings report and debt levels.
• Any further credit line adjustments or refinancing activities.