Vietnamese court dismisses WHAUP's petition over SDWTP share buyback of 1.88 trillion dong

Regulation
โดย Kaohoon·THVN·Read original
Summary · why it matters

WHA Utilities and Power Public Company Limited (WHAUP) has disclosed that the appellate court under the Supreme People's Court of Vietnam has upheld the ruling of the Ho Chi Minh City court of first instance, which dismissed the petition of its subsidiary WHAUP (SG) 2DR PTE. LTD. seeking to compel Aqua One and Mr. Do Tat Thang to repurchase shares in Duong River Surface Water Plant Joint Stock Company (SDWTP) for a total of 1,886,265,957,000 Vietnamese dong, plus holding costs from the date of share payment until the date of full reimbursement. The judgment was issued on September 7, 2026, after the subsidiary had previously received the first-instance court's decision on October 21, 2025, dismissing the petition and had filed an appeal. Dissenting parties may appeal to the Supreme People's Court of the Socialist Republic of Vietnam within one year from the date of being notified of the judgment. WHAUP stated that the outcome of the case has no significant impact on its business operations and is considering appropriate measures to protect the best interests of its subsidiary.

Impact on stocks 1

Climate Adaptation & Water▼ · 1 stocks

Off-coverage companies 3

WHAUP (SG) 2DR PTE. LTD.Private▼ Negative
Regulationrelevance

WHAUP (SG) 2DR's petition to compel the 1.88 trillion dong share buyback was dismissed on appeal.

Aqua OnePrivate▲ Positive
Regulationrelevance

Court dismissed the petition seeking to compel Aqua One to repurchase SDWTP shares, favorable to Aqua One.

Duong River Surface Water Plant Joint Stock CompanyPrivate▲ Positive
Regulationrelevance

Court ruling favors SDWTP by rejecting the petition to force repurchase of its shares.

© 2026 MarketDXNews