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On April 20, 2026, Golden Rubber Joint Stock Company (HOSE: SRC) held its 2026 annual general meeting. The “golden land” project near 231 Nguyễn Trãi was highlighted; the chairman Phạm Hoành Sơn said the estimated total investment is about VND 20,000 billion, while the company’s charter capital is currently about VND 280 billion. Because the major shareholder Vinachem, which owns 36% of the shares, did not approve a capital increase, the company must seek outside partners to implement the project. Accordingly, SRC partnered with Hoành Sơn Group to form Sao Vàng – Hoành Sơn Co., Ltd. In the current ownership structure, Golden Rubber owns 26% of the project, while Hoành Sơn holds 55%.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
