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SGT: Explanation for late information disclosure Sai Gon Telecommunication & Technologies Corporation explained its late information disclosure as follows:
1) On December 30, 2014, the Board of Directors of Sai Gon Telecommunication & Technologies Corporation approved to transfer 2,325,600 shares from Saigon Color Media Joint Stock Company to Mr. Le Nguyen Hoang Anh. After the share transferring, SGT stock holds 2,234,400 shares or 13.97% in Saigon Color Media Joint Stock Company.
- The company explained for late information disclosure on transferring as follows: the calculation of SGT’s stake at Saigon Color Media Joint Stock Company based on Saigon Color Media JSC charter capital and paid-up charter is different that makes different on relation property between 02 companies. In additional, the share transferring was the end of 2014, the company was busy and the company was negligent in information disclosure.
2) SGT did not disclose financial statements of its 2 members. The company explained as follows: SGT set up its 2 new members including Saigontel One Member Company Limited and Saigontel Distribution and Service Corporation as of December 31, 2014. Two members were still in contributing capital and 02 members were not put into operation. Thus, the company did not have to consolidated financial statements of its 02 members. HOSE
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