Decision on continued trading restriction on UPCoM
Following Decision No. 844/QD-SGDHN dated July 25, 2024, HNX announces the continued trading restriction of SHG stock as follows:
- Reason: The Company recorded negative owner's equity in the Audited Annual Financial Statements 2023; The auditor gave a disclaimer of opinion to the Audited Financial Statements 2021 and qualified opinions to the Audited Financial Statements 2022, 2023;
- Other reasons: The Company failed to convene the Annual General Meeting for 02 consecutive years from the end of each fiscal year;
- Trading restriction: trading is only available every Friday;
- Applicable laws: Point a, c, h Section 1 and Point c Section 5 Article 34 of the Regulations attached to Decision No.34/QD-HDTV dated November 16, 2022 by 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, Songhong Joint Stock Corporation shall send a document to the HNX for explanation and remedial measures.
This Decision replaces Decision No. 784/QD-SGDHN dated July 09, 2024.
================================================================================
Notice on stock status
On July 25, 2024, HNX announces the stock status of Songhong Joint Stock Corporation (stock code: SHG) as follows:
SHG shares are under trading restriction under Decision No. 844/QD-SGDHN dated July 25, 2024 for the following reasons: The Company recorded negative owner's equity in the Audited Annual Financial Statements 2023; The auditor gave a disclaimer of opinion to the Audited Financial Statements 2021 and qualified opinions to the Audited Financial Statements 2022, 2023; The Company failed to convene the Annual General Meeting for 02 consecutive years from the end of each fiscal year according to Point a, c, h Section 1 and Point c Section 5 Article 34 of the Regulations attached to Decision No.34/QD-HDTV dated November 16, 2022 by the Vietnam Stock Exchange.