Ho Chi Minh City, July 25, 2026 – Coteccons Construction Joint Stock Company (HOSE: CTD) announces that Coteccons and its partner have reached a financial settlement agreement in relation to the construction contract between the two parties. The agreement has been recognized by the People’s Court of Hanoi City in accordance with applicable laws.
Under the terms recognized by the Court, the relevant value of the agreement to be recorded by Coteccons is VND 526 billion. This outcome is the result of the working process and agreement between the parties to resolve the matters on the basis of respect for the law and established commitments.
The implementation of obligations under the settlement will proceed in accordance with the plan and conditions agreed by the parties. Once the agreed value has been realized, the Company will record and reflect it in its financial statements in accordance with applicable accounting standards.
Mr. Bolat Duisenov, Chairman of the Board of Coteccons, shared:
“I highly appreciate the goodwill, cooperation, and constructive spirit demonstrated by the partner throughout the working process between the parties. The agreement recognized today shows that complex matters can always be resolved when parties engage in dialogue on the basis of respect and responsibility. These are also the foundations for building sustainable relationships and moving toward the future.”
As Vietnam enters the “The Rising Era” phase, with higher expectations for growth quality, transparency, and corporate competitiveness, Coteccons - as an Industry Leader, is also transitioning into a quality growth phase supported by a healthy financial foundation, a strengthened governance system, and an increasingly solid market position. The effective resolution of long-standing matters contributes to enhancing the Company’s resilience and lays the groundwork for long-term development opportunities ahead.
