HCMC – DucGiang Chemicals Group JSC (HOSE: DGC) plans to transfer its ethanol plant, which it acquired through an auction at VND253.25 billion in 2024, according to a board resolution released by the company.
The plant is owned by Duc Giang Chemicals Dak Nong Company, a subsidiary of DGC. The board authorized the chairman and the subsidiary’s director to seek potential buyers, negotiate the transfer value, and sign agreements in line with current regulations. The divestment is expected to be carried out in 2026.
DGC bought the former Dai Viet ethanol plant at an auction in April 2024. The facility, located in Tam Thang Industrial Park in former Dak Nong Province, had been seized to enforce a court judgment against Dai Viet Company.
The group later transferred the assets to its Dak Nong subsidiary and established the Duc Giang Ethanol Plant under that entity.
The plant resumed operations and began trial runs in November 2024. It has an annual ethanol production capacity of around 50,000 tons. Its products are used in biofuel production, alcoholic beverages, and medical alcohol.
The fermentation process also produces carbon dioxide as a by-product. DGC estimated that each ton of ethanol generates about 0.95 ton of CO2. At full capacity, the plant could produce roughly 47,500 tons of CO2 annually.
According to DGC’s self-prepared financial report for the first quarter of 2026, revenue fell 24.4% year-on-year to VND2.12 trillion, while net profit after tax dropped 48.6% to VND430.05 billion. Gross profit margin narrowed to 23% from 34.9% a year earlier.
Closing the trading session today, June 10, DGC edged down 0.11% to VND44,850, with 461,300 shares changing hands.
The VN-Index climbed 10.66 points, or 0.59%, to 1,803.71 on Wednesday, lifted by gains in real estate shares and certain advances among blue chips.
The benchmark index on the Hochiminh Stock Exchange ended with 207 winners and 105 decliners. Trading volume exceeded 625 million shares worth VND19.79 trillion, up 18.6% in volume and 44% in value from the previous session. Block deals accounted for 165.9 million shares valued at VND8.95 trillion.
The VN30-Index added more than 10 points, with 22 stocks advancing and five declining. STB, PLX, MSN, BSR and TPB fell by around 1%.
VIC provided the biggest boost to the broader market, rising 1.4% and contributing nearly five points to the VN-Index. VRE gained 1.9%.
Real estate stocks performed well, supported by VIC and strong trading in CII and NVL. CII recorded matched volume of more than 31.6 million shares. NVL traded over 10.4 million shares and closed with buy orders of 5.65 million shares at the ceiling price.
Other property stocks also advanced. DXG rose 1.2%, KHG gained 2.4%, PDR added 2%, DIG increased 2.8%, and VCG climbed 3.1%.
Mid- and small-cap stocks also attracted buying interest. LDG ended the session with 2.87 million shares.
Banking stocks were mixed. STB and TPB edged lower, while ACB and SHB finished unchanged. OCB led sector gains with a 2.9% increase, followed by BID, up 1.2%.
SHB and ACB remained the market’s most actively traded stocks, with volumes of 38 million shares and 31.6 million shares, respectively.
Among brokerage firms, VIX slipped 0.3% despite leading the sector in liquidity with 21.2 million shares traded. VND rose 0.3% on volume of 10.7 million shares, while SSI gained 0.2% with 9.1 million shares changing hands.
On the Hanoi Stock Exchange, the HNX-Index reversed earlier gains to close down 4.59 points, or 1.5%, at 301.15. The exchange recorded 77 advancers and 60 decliners, with matched volume totaling 57.77 million shares worth VND932 billion.
