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Savico has not met the conditions to qualify as a public company under Vietnam’s securities regulations, based on the latest shareholder list prepared as of April 15, 2026. The company said it is actively working with major shareholders and reporting to competent authorities to identify an appropriate remedy, with the goal of maintaining its listed status.
According to the shareholder list as of April 15, 2026, Savico has a total of 1,106 shareholders. Two major shareholders—Tasco Auto Joint Stock Company and Ben Thanh TNHH MTV—hold 94.88% of voting shares. The remaining 1,104 shareholders collectively hold 5.12% of voting shares.
Savico’s contributed charter capital is nearly VND 932.8 billion.
With this structure, Savico does not satisfy the public company condition specified in Point a, Clause 1, Article 32 of the 2019 Securities Law (as amended and supplemented by Point a, Clause 11, Article 1 of Law 56/2024/QH14). In particular, the company does not ensure that at least 10% of voting shares are held by at least 100 investors who are not large shareholders.
Savico stated that it is actively engaging with the major shareholders and reporting and proposing to competent authorities to identify an appropriate remedy in accordance with current regulations.
The company also committed to remedy the situation within one year and to fully meet public company requirements under applicable law.
Separately, on April 15, 2026 Savico closed the list of shareholders entitled to attend the 2026 annual general meeting. The entitlement ratio is 1:1, meaning one share carries one vote.
The meeting is scheduled for no later than June 30, 2026. The exact time and venue will be announced to shareholders in the invitation letter, and the agenda will cover matters within the AGM’s authority.
Earlier, Savico approved a plan to transfer all shares it owns in Saigon Long An Automobile Joint Stock Company and authorized the CEO to actively seek a partner to acquire those shares. The CEO will negotiate and decide the timing, transfer conditions, and other terms of the transfer agreement.
As of December 31, 2025, Savico held 53.18% ownership and voting rights in Saigon Long An Automobile, whose main business activities include automotive trading and services.
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