B82: Decision on continued trading suspension on UPCoM & Notice of stock status
(1) Decision on continued trading suspension on UPCoM Following Decision No. 598/QD-SGDHN dated 23/05/2024, HNX announces the continued trading suspension of B82 stock as follows: - Reason for continued trading suspension: The company was late in submitting Audited financial statements 2023 for over 45 days - Other reasons for trading suspension: The company did not have nay remedy to overcome the reason for trading suspension according to Point d Section 1 Article 46 of Law on Securities - Applicable laws: Point e Section 1 Article 36 of the Regulations on Organization and Management of the UPCoM Exchange attached to Decision No.34/QD-HDTV dated 16/11/2022. Within 15 days from the date the stock is under continued trading suspension as prescribed in Article 1 of this Decision, Joint Stock Company No 482 must send a document to the HNX to explain the cause and provide a remedy. This decision replaces Decision No.1228/QD-SGDHN dated 07/012/2023. (2) Notice of stock status On May 23, 2024, HNX announces the status of Joint Stock Company No 482’s shares (stock code: B82) as follows: - B82 shares was put under trading suspension according to Decision No.598/QD-SGDHN dated 23/05/2024 due the company did not have any remedy to overcome the reason for trading restriction according to Point d Section 1 Article 46 of Law on Securities, as prescribed in Points e Section 1 Article 36 of the Regulations attached to Decision No.34/QD-HDTV dated November 16, 2022 of the Vietnam Stock Exchange. - B82 shares remains under trading restriction according to Decision No. 1227/QD-SGDHN dated 07/12/2023 because the Company failed to convene the Annual General Meeting for the latest two consecutive years from the end of the fiscal year under Section 2 Article 139 of the Law on Enterprises; the company was compulsory delisted as prescribed point i section 1 Article 120 of Decree 155/220/ND-CP dated 31/12/2022; it belongs to the case of trading restriction as prescribed in Points e, h Section 1 Article 34 of the Regulations attached to Decision No.34/QD-HDTV dated November 16, 2022 of the Vietnam Stock Exchange. Trading restriction: it is only traded on Friday weekly when it is removed from trading suspension.
HNX
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