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HID: Reminded of information disclosure On July 14, 2020, the Hochiminh Stock Exchange (HOSE) received an explanation for not disclosing treasury stock transactions by Halcom VietNam Joint Stock Company.
Pursuant to Provision 4, 5, 6, Article 44 of Circular 162/2015/TT-BTC, “4. In seven (07) working days upon the State Securities Commission’s notice of its receipt of the full report on stock repurchase or treasury stock sale, the public corporation must publicize information on mass media as per Appendix 24 of this Circular. Transactions regarding stock repurchase or treasury stock sale must occur in most seven (07) working days upon the public corporation's announcement of information. 5. In ten (10) working days upon the finalization of transactions for stock repurchase or treasury stock sale, the public corporation must send the transaction report to the State Securities Commission and publicize information as per Appendix 25 of this Circular. If the public corporation does not trade all stocks planned, it must report and announce reasons of failure.” However, HOSE did not receive any information on treasury stock transactions, report on results of treasury stock transactions, change of outstanding voting shares by Halcom VietNam Joint Stock Company after stock repurchase or treasury stock sale in 2019.
Therefore, the Hochiminh Stock Exchange reminded and suggested Halcom VietNam Joint Stock Company comply with the regulations on disclosure of information on the securities market in order to ensure shareholders’ benefits. HOSE
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