PXC: 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. 735/QD-SGDHN putting the PXC stock of PetroVietnam Urban Development Joint Stock Company 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, PetroVietnam Urban Development Joint Stock Company 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 PetroVietnam Urban Development Joint Stock Company’s shares (stock code: PXC) as follows:
- PXC shares are put on alert according to Decision No.735/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.
- PXC shares are put under trading restriction according to Decision No.529/QD-SGDHN dated 23/05/2024 because the company was late in submitting Review financial statements for 2023 and Audited Financial 2023 for over 45 days; the auditor gave a disclaimer opinion on the Audited Financial Statement 2022; it had negative owner equity in Audited Financial Statement 2022 as prescribed in Points a, 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.

HNX

>   NHV: Notice of stock status (09/07/2024)

>   POM: Decision on being put on alert & Notice of stock status (09/07/2024)

>   PSG: Decision on continued trading restriction on UPCoM & Notice of stock status (09/07/2024)

>   PVA: Decision on continued trading restriction on UPCoM & Notice of stock status (09/07/2024)

>   PVE: Decision on being put on continued alert (09/07/2024)

>   PVE: Decision on continued trading restriction on UPCoM (09/07/2024)

>   MTA: Notice of stock status (09/07/2024)

>   NDF: Decision on continued trading restriction on UPCoM (09/07/2024)

>   NDF: Notice of stock status (09/07/2024)

>   NGC: Decision on being put on continued alert (09/07/2024)