TTF Shares Hit the Daily Limit as Company Admits Error in 2020 Share Sale Announcement
TTF shares hit the daily limit on November 13, closing at VND 1,070. Gỗ Trường Thành admitted that its 2020 announcement claiming it had sold all its shares in a subsidiary was incorrect. It still holds 99.97% of the subsidiary and says the correction does not change its previously disclosed financial figures.
On November 13, 2026, shares of CTCP Tập đoàn Kỹ nghệ Gỗ Trường Thành, trading under the ticker TTF, rose 7% to close at VND 1,070 per share, with more than 954,000 shares traded. The company recently corrected a 2020 announcement concerning the sale of shares in a subsidiary.
TTF shares hit the daily limit on November 13 as the company corrected an earlier announcement about a share sale.（VietVance）
On February 25, 2020, the company announced that it had approved a transfer of shares in CTCP Lâm nghiệp Trường Thành (TTC). On February 28, it announced that it had sold its entire stake in TTC. At the request of the Ho Chi Minh City Stock Exchange and following reports from shareholders, the company reviewed its records and financial statements and confirmed that it had not transferred any TTC shares to another organization or individual since 2020. It still holds 99.97% of TTC, representing an investment of nearly VND 59.6 billion.
Gỗ Trường Thành acknowledged that its 2020 announcement that it had sold all its TTC shares was incorrect.（VietVance）
The company acknowledged that its 2020 announcement that it had completed the sale was incorrect: it had approved a proposed transfer but had not carried out the transaction. It said TTC had continued to be included as a subsidiary in its consolidated financial statements, so the correction does not change previously disclosed financial figures. The company will submit the question of whether to proceed with the original transfer plan to the appropriate authority for review and has apologized to shareholders and investors.
In the first nine months of 2026, the company recorded net revenue of about VND 870 billion, up 19% year on year, and an after-tax loss of about VND 353 billion, compared with a profit of about VND 7 billion a year earlier. As of September 30, accumulated losses exceeded VND 3.606 trillion, equivalent to about 88% of its charter capital. Equity stood at just VND 20.37 billion, below the VND 30 billion threshold. The Ho Chi Minh City Stock Exchange decided on November 4 to place TTF shares on its warning list. Despite hitting the daily limit on November 13, TTF remained about 39% below its mid-August price of VND 1,750 per share.
Source: VietVance
