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LDG Investment Joint Stock Company (LDG) and SBS Securities Joint Stock Company (SBS) both failed to meet the minimum quorum at their 2026 annual general meetings (AGMs), forcing each to convene a second meeting. The developments highlight ongoing challenges in shareholder attendance and raise attention on corporate governance and financial risk disclosures.
At LDG’s shareholders’ meeting, only about 13% of voting shares were represented. As a result, the meeting did not meet the quorum required under the company’s charter and regulations, and LDG announced it would hold a second general meeting on May 21, 2026, online.
LDG held its 2026 AGM on April 23, 2026, but participation remained limited: around 200 shareholders attended, representing just over 13% of the voting shares eligible to attend. Under LDG’s charter, the meeting did not reach the necessary quorum.
The company cited a dispersed shareholder base and noted that it has repeatedly failed to convene the first session of AGMs due to attendance falling short of the regulatory minimum.
Moore AISC, in its audit of LDG’s 2025 financial statements, flagged multiple issues related to overdue or near-term liabilities.
Moore AISC warned that these factors could raise substantial doubt about LDG’s ability to continue as a going concern. The auditor said the outcome depends on LDG’s ability to repay, extend, or restructure overdue and near-term debt and to generate sufficient short-term cash flow.
SBS held its 2026 AGM on April 24. The shareholder registry showed 14,488 shareholders, but attendance in person or by proxy was only 26, equivalent to 8.97% of voting shares. Consequently, the meeting could not proceed in the first round, and a second round will be held.
Becamex IDC extended the timing of its 2026 AGM to no later than June 30 to complete AGMs at member companies and update business plans and financial plans in line with market conditions this year.
Separately, HoSE reminded PC1 of late disclosure of AGM resolutions and minutes. PC1 held its AGM on April 22, but HoSE has yet to receive the full resolutions and minutes in accordance with regulations.
Under regulations, a joint-stock company must hold its annual general meeting at least once a year within four months from the end of the financial year, with extensions not exceeding six months.
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