MIM: Decision on being put on alert & Notice of stock status

Decision on being put on alert
On July 09, 2024, Hanoi Stock Exchange announced Decision No. 728/QD-SGDHN putting the MIM stock of Mineral and Mechanical JSC under alert:
·         Reason for being put on alert: the company did not organize Annual General Meeting of Shareholders when the fiscal year ends according to Clause 2, Article 139 of the Enterprise Law.
·         Effective date: 15/07/2024
·         Applicable law(s): Point b Clause 1 Article 33 of the Regulation attached to Decision No. 34/QD-HDTV dated 16/11/2022 of the Board of members of the Vietnam Stock Exchange
Within 15 days from the date the stock is put on continued alert, Mineral and Mechanical JSC must send a document to the HNX to explain the cause and provide a remedy.
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Notice of stock status
On July 09, 2024, HNX announces the status of Mineral and Mechanical JSC’s shares (stock code: MIM) as follows:
- MIM shares are put on alert according to Decision No.728/QD-SGDHN dated 09/07/2024 due to the reason(s) the company did not organize Annual General Meeting of Shareholders when the fiscal year ends according to Clause 2, Article 139 of the Enterprise Law as prescribed at Point b Section 1 Article 33 of the Regulations attached to Decision No.34/QD-HDTV dated November 16, 2022 of the Vietnam Stock Exchange.
- MIM shares are put under trading restriction according to Decision No.549/QD-SGDHN dated 23/05/2024 because the company was late in submitting Audited financial statements 2023 for over 45 days; it is mandatory delisted because the auditor gave a disclaimer opinion on financial statement 2023 as prescribed in Points b, c Section 1 Article 34 of the Regulations attached to Decision No.34/QD-HDTV dated November 16, 2022 of the Vietnam Stock Exchange.
- MIM shares are put under trading suspension according to Decision No.63/QD-SGDHN dated 05/02/2024 because the company was mandatory delisted because it caused a serious violation of the information disclosure obligation accoriding to Point O Section 1 Article 120 of the Decree No.155/2020/ND-CP as prescribed in Point d Section 1 Article 36 of the Regulations attached to Decision No.34/QD-HDTV dated November 16, 2022 of the Vietnam Stock Exchange.

HNX

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