Monday, 27/05/2024 20:01

STL: Decision on being continued trading suspension & Notice of stock status

Decision on being continued trading suspension
On May 23, 2024, HNX announces the trading suspension of Song Da - Thang Long JSC’s shares (stock code: STL) stock as follows:
- Ground for trading suspension: The Company has not announced the Audited Financial Statements  2023 to Hanoi Stock Exchange;
- Reason(s): The Company has no measures to overcome the cause that led to the company's shares being placed in trading restriction according to the provisions of Point d, Clause 1, Article 46 of the Securities Law;
- Applicable law(s): Point e, Clause 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 trading suspension, Song Da - Thang Long JSC must send a document to the HNX to explain the cause and provide a remedy plan.
This Decision replaces Decision No. 1246/QD-SGDHN dated December 07, 2023
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Notice of stock status
On May 23, 2024, HNX announces the status of Song Da - Thang Long JSC’s shares (stock code: STL) as follows: 
- STL shares are under continued trading suspension due to the Company has no measures to overcome the cause that led to the company's shares being placed in trading restriction according to the provisions of Point d, Clause 1, Article 46 of the Securities Law; being placed in trading suspension according to the provisions at Points e Clause 1 Article 36 of the Regulation attached to Decision No. 34/QD-HDTV dated November 16, 2022 of the Vietnam Stock Exchange;
- STL shares are under continued trading restriction due to the Company has not organized Annual General Meeting of Shareholders for the recent 02 consecutive fiscal years in the time limit from the end of fiscal year; the Company was late in submitting the Reviewed Semi-Financial Statements 2017, 2018, 2019, 2020, 2021, 2022, 2023 for more than 45 days; the Company has negative owner’s equity recorded in the audited Financial Statement 2016; the auditing organization gave disclaimer opinion on Financial Statements 2016 according to the provisions at Points a, b, c, h Clause 1 Article 34 of the Regulation attached to Decision No. 34/QD-HDTV dated November 16, 2022 of the Vietnam Stock Exchange.

HNX

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