LTC: Decision on being put on alert and Notice of stock status

Decision on being put on alert
Following Decision No. 730/QD-SGDHN dated July 09, 2024, HNX announces the following LTC stock of Low Current-Telecom Joint Stock Company will be put under alert as follow:
- Reason: the company has not organized Annual General Meeting of Shareholders 2024 within the time limit from the end of the fiscal year according to the provisions of Clause 2, Article 139 of the Law on Enterprises;
- Effective date: 15/7/2024;
- Applicable law(s): Point b Section 1 Article 33 of the Regulations attached to Decision No.34/QD-HDTV dated 16/11/2022 of the Vietnam Exchange.
Within 15 days from the date the stock is under alert, Low Current-Telecom Joint Stock Company shall send documents to the HNX for explanation and remedial measures.
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Notice of stock status
On July 09, 2024, HNX announces the status of Low Current -Telecom Joint Stock Company’s shares (stock code: LTC) as follows:
- LTC stock is under alert from 15/7/2024 according to Decision No. 730/QD-SGDHN dated July 09, 2024 due to the reason(s) that the company has not organized Annual General Meeting of Shareholders 2024 within the time limit from the end of the fiscal year according to the provisions of Clause 2, Article 139 of the Law on Enterprises so it belonged to the cases under Point b Clause 1 Article 33 of the Regulation attached to Decision No. 34/QD-HDTV dated November 16, 2022 of the Vietnam Exchange;
- LTC stock is under trading restriction under Decision No. 548/QD-SGDHN dated May 23, 2024 due to the reasons that the Company was late in submitting the Audited Financial Statements 2023 over 45 days from the deadline of information disclosure; the auditing company gave a disclaimer of opinion to the Company’s Financial Statements 2022 under Points b and c Section 1 Article 34 of the Regulations attached to Decision No. 34/QD-HDTV dated November 16, 2022 by the Vietnam Exchange.

HNX

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