KAC: Decision on continued trading restriction on UPCoM

Following Decision No. 775/QD-SGDHN dated July 09, 2024, HNX announces the continued trading restriction of KAC stock as follows:
- Reason: 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 according to the provisions of Clause 2, Article 139 of the Law on Enterprises;
- Other reasons: the Company was late in submitting the reviewed Semi-Financial Statements 2022, 2023 for more than 45 days from the end of the prescribed information disclosure period;
- Trading restriction: be traded on Friday weekly from the day being removed from trading suspension;
- Applicable law(s): Point b, h Clause 1 Article 34 of the Regulation 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, Khang An Investment Real Estate Joint Stock Company must send a document to the HNX to explain the cause and provide a remedy.

HNX

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