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Three companies exit UPCoM after losing status as public companies, per decisions by the Hanoi Stock Exchange (HNX). The exchange recently cancelled trading registration for shares of the following firms: Song Lam 2 Cement Joint Stock Company (UPCoM: PX1), Import-Export and Construction of Works Joint Stock Company (UPCoM: TNM), and VVMI Equipment and Materials Production and Business Joint Stock Company (UPCoM: TB8). The common reason cited is that these companies no longer meet the criteria to be public companies under regulations issued by the State Securities Commission. Specifically, Song Lam 2 Cement Joint Stock Company (UPCoM: PX1) has 20 million shares, valued at 200 billion dong by par value, and was delisted on 20 April 2026. The last trading day on UPCoM was 17 April. The company lost its public company status according to document 2654/UBCK-GSĐC dated 07 April 2026. Next, the Hanoi Stock Exchange will delist 5.8 million shares of Import-Export and Construction of Works Joint Stock Company (UPCoM: TNM), valued at 58 billion dong by par value, on 22 April, with the last trading day on 21 April. The company lost its public company status on 10 April. On 05 May, VVMI Equipment and Materials Production and Business Joint Stock Company (UPCoM: TB8) will be delisted for 1.25 million shares (value 12.5 billion dong by par value). The last trading day is 04 May, and the company’s public company status was terminated on 03 April. The delisting actions for all three firms are grounded in Point a, Clause 1, Article 137 of Decree No. 155/2020/ND-CP, detailing the enforcement of certain provisions of the Securities Law. Companies that cease to meet the conditions of being a public company typically do so for two main reasons: (1) the number of shareholders falls below 100 (excluding professional investors) possessing at least 10% of voting shares, or (2) charter capital falls below 30 billion dong.
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…
