OGC

OCH's 86%-owned subsidiary VIPTOUR-TOGI has its land for the StarCity Westlake 5-star hotel project revoked by Hanoi authorities due to prolonged delays. The project, with a book value of VND 179.5 billion, has been stalled for years despite extensions. This regulatory action poses a material risk to OCH's asset value and may impair its balance sheet.

ITD was added to HOSE's margin-cut list after receiving a tax penalty for fiscal years 2022-2025, totaling VND 630.6 million. The list now includes 68 stocks, many under warning, control, or with negative profits, restricting leverage for investors.

HOSE has removed margin eligibility for 67 stocks effective May 2026, citing warning/control status, negative earnings, or listing under six months. The list includes AAN (listed May 22), ABS, HVN, and DLG, restricting leverage for retail investors and potentially reducing trading liquidity in these names.

OCH targets a private placement of 130 million shares to raise approximately VND 2,000 billion, with proceeds earmarked to acquire over 18% of IDS, lifting its stake to nearly 49%. The move comes as OGC shareholders rejected a similar issuance, highlighting divergent strategies within the Ocean Group.