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AMS (AMECC Joint Stock Construction Machinery Company) announced remediation steps after receiving a qualified opinion from the auditor for three consecutive years on the financial statements for 2023, 2024 and 2025, which also led to its stock entering the warning list by the Hanoi Stock Exchange (HNX). According to the decision dated 06/04/2026, AMS’ shares were placed in the warning category due to the auditor’s qualification. The auditor, AASC, cited that the main basis for the qualified opinion stems from the investment in the Amecc-Myanmar Shipyard joint venture in Myanmar. As of 31/12/2025, AMS’ actual contributed capital to the joint venture exceeded USD 6.8 million (about VND 155 billion), representing a 15% equity stake. However, political instability in Myanmar forced the company to suspend operations and prevented preparation of the financial statements. Because not all required documents could be obtained and audit procedures could not be performed to verify the current value of the investment, AASC issued a qualification for 2023–2025. AMS stated that the management still assesses the investment as not impaired. To resolve the situation and lift the warning, AMS is actively working with the partner to collect, supplement, and finalize the legal documents related to the investment; and to monitor closely the economic and political developments in Myanmar, maintaining regular dialogue with the board of the joint venture to update recoverability and effectiveness of the investment. Additionally, AMS will review and reassess the overall project status and develop a restructuring plan for the investment. The company intends to safeguard the value already invested and explore restructuring the form of investment or partnering with a different investor to continue operations when Myanmar’s environment becomes more favorable. Post-audit, AMS reported a nearly 8% decline in profit. Audited 2025 results show net revenue of over VND 3.5 trillion, up modestly from the previous year. Net profit after tax remained around VND 55 billion, a slight decrease from the prior figure. AMS stock-related data and updates followed in related coverage by Fili
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