HNX

Thursday, 06/09/2012 16:48

NBP: Mechanical electric JSC, principle shareholder, fined for violation in securities and securities market

On 30/08/2012, the State Securities Commission announced the administrative punishment applied to the principle shareholder Mechanical electric  JSC  as follows:  

-       Name of listed company: Ninh Binh Thermal Power JSC

-       Name of the principle shareholder: Mechanical electric  JSC 

-       Administrative violation of connected institution: From 12/03/2012 to 11/04/2012, the principle shareholder purchased 137,900 shares of NBP, increasing shareholding  from 2,840,000 share (equaling 22.07% oustanding shares) to 2,977,900 shares (equaling 23.146% oustanding shares) without reports to  State Securities Commission  and HNX as regulated in Circular 09/2010/TT-BTC issued by the Ministry of Finance on information disclosure on the securities market.

-       Fine for this violation: VND40,000,000

-       Within 10 days since the reception of this Decision, Mechanical electric  JSC  is requested to abide by this decision. Else, the company will be enforced to pay the fine. The amount shall be sent to account No. 920.90.003 at the Hanoi State Treasury.

-       Effective date of this decision: 30/08/2012. Within 3 days, this Decision will be sent to Mechanical electric  JSC  and the State Treasury.

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