Wednesday, 10/07/2024 16:29

S27: Decision on continued trading restriction & Notice of stock status

Decision on continued trading restriction 
On July 09, 2024, HNX announces Decision No. 764/QD-SGDHN on the continued trading restriction of Song Da 27 JSC’s shares (stock code: S27) as follows:
- Reason for trading restriction: 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; 
- Other reason for trading restriction: the auditing organization gave adverse opinion on Financial Statements 2017; the Company has negative owner’s equity recorded in the audited Financial Statements 2017;  
- Trading restriction: be traded on Friday weekly;
- Applicable law(s): Point a, c, h Clause 1 Article 34 of the Regulation attached to Decision No. 34/QD-HDTV dated November 16, 2022 of the Vietnam Stock Exchange
Within 15 days from the date the stock is under continued trading restriction as prescribed in Article 1 of this Decision, Song Da 27 JSC must send a document to the HNX to explain the cause and provide a remedy.
This Decision replaces No. 1253/QD-SGDHN dated December 07, 2023.
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Notice of stock status
On July 09, 2024, HNX announces the status of Song Da 27 JSC’s shares (stock code: S27) as follows: 
- S27 shares are under continued trading restriction due to 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; the auditing organization gave adverse opinion on Financial Statements 2017; the Company has negative owner’s equity recorded in the audited Financial Statements 2017;  according to the provisions at Point a, c, h Clause 1 Article 34 of the Regulation attached to Decision No. 34/QD-HDTV dated November 16, 2022 of the Vietnam Stock Exchange.
- S27 shares are under trading suspension due to the Company has no measures to overcome the cause that led to the company's shares being placed in trading restriction according to the provisions of Point d, Clause 1, Article 46 of the Securities Law; being placed in trading suspension according to the provisions at Point e Clause 1 Article 36 of the Regulation attached to Decision No. 34/QD-HDTV dated November 16, 2022 of the Vietnam Stock Exchange;

HNX

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