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The State Securities Commission’s Inspectorate issued Decision 211/QĐ-XPHC to sanction Viglacera Hygiene Equipment One Member Limited Liability Company (VIGSA), a subsidiary fully owned by Viglacera Corporation – JSC (ticker: VGC). VIGSA was fined more than VND 1.13 billion, equivalent to 3% of the par value of traded securities, for failing to report a planned transaction in advance as required by regulations.
On 26 December 2025, a related party to Mr. Le Anh Tuan—Chairman of TVA—purchased 3,777,760 TVA shares valued at VND 37.78 billion at par. However, the related party did not fulfill the information disclosure obligations before the transaction.
Because Mr. Le Anh Tuan is the Chairman of TVA, VIGSA was deemed a related party to an internal person and therefore subject to pre-transaction disclosure requirements.
In addition to the monetary penalty of more than VND 1.13 billion, VIGSA was also subject to an additional sanction: a three-month ban on stock trading for the company.
VIGSA has been operating since 8 October 2025. The company was formed by merging six product units in Viglacera’s sanitaryware production and trading divisions to restructure and professionalize the sanitaryware business.
VIGSA is headquartered at Floor 1, Viglacera Building, 1 Thanh Long Avenue, Dai Mo Ward, Hanoi. Its charter capital is VND 486 billion, with Viglacera holding 100%.
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