FBA: Decision on continued trading suspension on UPCoM & Notice of stock status
Following Decision No.602/QD-SGDHN dated May 23, 2024, HNX announces the continued trading suspension of FBA stock as follows: - Ground for continued trading suspension: The Company was continued to late in submitting Audited Financial Statements 2023 more than 45 days from the end of the prescribed information disclosure period; - Reason for continued trading suspension: 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 - Other reason: The Company was forced to delist due to serious violations of information disclosure obligations - Applicable law(s): Points e, đ Section 1 Article 36 of the Regulations attached to Decision No.34/QD-HDTV dated November 16, 2022 of the Vietnam Stock Exchange. Within 15 days from the date the stock is under continued trading suspension as prescribed in Article 1 of this Decision, FBA International group Joint Stock Company must send a document to the HNX to explain the cause and provide a remedy. This decision replaces Decision No.1260/QD-SGDHN dated December 07, 2023. ================================================================================ Notice of stock status On May 23, 2024, HNX announces the status of FBA International group Joint Stock Company's shares (stock code: FBA) as follows: - FBA shares was put under trading suspension according to Decision No.602/QD-SGDHN dated 23/05/2024 because 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 Point e, đ 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 - FBA shares are put under trading restriction according to Decision No.1259/QD-SGDHN dated December 07, 2023 due to the company did not organize annual general meeting of shareholders in the most recent 02 fiscal years within the time limit from the end of the fiscal years according to Clause 2, Article 139 of Enterprise Law, as prescribed at Point h Clause 1 Article 34 of the Regulations on Registration and Trading management of Unlisted securities as attached to Decision No. 34/QD-HDTV dated November 16, 2022 by the Vietnam Stock Exchange. It is only traded on Friday when it is put out of trading suspension
HNX
> Market likely to continue volatility this week (27/05/2024)
> Market plummets as liquidity surges to eight-week high (25/05/2024)
> PID: Decision on continued trading suspension on UPCoM and Notice of stock status (24/05/2024)
> NTB: Decision on continued trading suspension on UPCoM and Notice of stock status (24/05/2024)
> NDF: Decision on continued trading suspension on UPCoM (24/05/2024)
> PSG: Decision on trading suspension on UPCoM (24/05/2024)
> PVA: Decision on trading suspension on UPCoM (24/05/2024)
> PPI: Decision on continued trading suspension on UPCoM and Decision on continued trading restriction on UPCoM Notice of stock status (24/05/2024)
