GLC: Decision on being put on alert, Decision on trading restriction and Notice of stock status

Following Decision No. 358/QD-SGDHN dated 04/04/2024, HNX announces the following stock will be put on alert as follow:
- Issuer: Lao Cai Gold Joint Stock Company
- Stock code: GLC
- Base of review: Audited Financial Statements 2023
- Reason: The auditing organization expressed a qualified opinion on the Annual Financial Statements for 03 consecutive years 
- Effective date: 10/04/2024
- Applicable law(s): Point a Section 1 Article 33 of the Regulations attached to Decision No.34/QD-HDTV dated 16/11/2022 of the Vietnam Exchange.
Within 15 days from the date the stock is under alert, Lao Cai Gold Joint Stock Company must send a document to the HNX to explain the cause and provide a remedy.
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Following Decision No. 359/QD-SGDHN dated April 04, 2024, HNX announces the trading restriction of GLC stock as follows:
- Ground for trading restriction: Audited Annual Financial Statement of 2023;
- Reason: the company has negative owner’s equity recorded in Audited Annual Financial Statement of 2023;
- Effective date: 10/4/2024;
- Trading restriction: be traded on Friday weekly;
- Applicable law(s): Point(s) a Section 1 Article 34 of the Regulations attached to Decision No.34/QD-HDTV dated 16/11/2022 of the Vietnam Exchange.
Within 15 days from the date the stock is under trading restriction, Lao Cai Gold Joint Stock Company must send a document to the HNX to explain the cause and provide a remedy.
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On April 04, 2024, HNX announces the status of Lao Cai Gold Joint Stock Company’s shares (stock code: GLC) as follows:
- GLC shares are under alert from 10/4/2024 due to the reason(s) that the auditing organization expressed a qualified opinion on the Annual Financial Statements for 03 consecutive years as prescribed at point(s) a Section 1 Article 33 of the Regulations attached to Decision No.34/QD-HDTV dated 16/11/2022 of the Vietnam Exchange;
- GLC shares are under trading restriction from 10/4/2024 due to the reason(s) that the company has negative owner’s equity recorded in Audited Annual Financial Statement of 2023 as prescribed at point(s) a Section 1 Article 34 of the Regulations attached to Decision No.34/QD-HDTV dated 16/11/2022 of the Vietnam Exchange.

HNX

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