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GTT: Decision on continued trading restriction on UPCoM and Notice of stock status Decision on continued trading restriction on UPCoM
Following Decision No. 760/QD-SGDHN dated July 09, 2024, HNX announces the continued trading restriction of GTT stock as follows:
- Reason for trading restriction: the company did not organize Annual General Meeting of Shareholders in the most recent 02 fiscal years according to Clause 2, Article 139 of the Enterprise Law;
- Another reason: the company was late in submitting Reviewed Semi-annual Financial Statements for 2021, 2022 and 2023 for over 45 days from the end of the prescribed information disclosure period; the company had negative owner equity in Reviewed Semi-annual Financial Statement 2020;
- Trading restriction: be traded on Friday weekly from the date of release from trading suspension;
- Applicable law(s): Points a, b, h Section 1 Article 34 of the Regulations attached to Decision No.34/QD-HDTV dated November 16, 2022 of the Vietnam Exchange.
Within 15 days from the date the stock is under continued trading restriction as prescribed in this Decision, Thuan Thao Corporation must send a document to the HNX to explain the cause and provide a remedy.
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Notice of stock status
On December 07, 2023, HNX announces the status of Thuan Thao Corporation’s shares (stock code: GTT) as follows:
- GTT shares are put under trading restriction according to Decision No. 760/QD-SGDHN dated July 09, 2024 because the company did not organize Annual General Meeting of Shareholders in the most recent 02 fiscal years according to Section 2 Article 139 of the Enterprise Law; the company was late in submitting Reviewed Semi-annual Financial Statements 2021, 2022 and 2023 for over 45 days from the end of the prescribed information disclosure period; the company had negative owner equity in Reviewed Semi-annual Financial Statement 2020, it belongs to the case of trading restriction as prescribed in Points a, b, h Section 1 Article 34 of the Regulations attached to Decision No.34/QD-HDTV dated November 16, 2022 of the Vietnam Exchange. Trading restriction: it is only traded every Friday when it is removed from trading suspension;
- GTT shares are under trading suspension according to Decision No. 584/QD-SGDHN dated May 23, 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 the Law on Securities; thus categorized as trading suspension as prescribed in Point e Section 1 Article 36 of the Regulations attached to Decision No.34/QD-HDTV dated November 16, 2022 by the Vietnam Exchange. HNX
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