Wednesday, 10/07/2024 16:29

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

Decision on being continued trading restriction
Following Decision No. 797/QD-SGDHN dated July 09, 2024, HNX announces the continued trading restriction of Song Da 1.01 Joint Stock Company’s shares (stock code: SJC)  as follows:
- Reason for trading restriction: the Company is compulsory delisted; 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 according to Section 2 Article 139 of the Enterprise Law; 
- Other reason for trading restriction: the Company is compulsory delisted according to Point i, Clause 1, Article 120 of Decree No. 155/2020/ND-CP dated December 31, 2020 of the Government detailing the implementation of a number of articles of the Securities Law;
- Trading restriction: be traded on Friday weekly since being removed from trading suspension;
- Applicable law(s): Point e, 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 1.01 Joint Stock Company must send a document to the HNX to explain the cause and provide a remedy.
This Decision replaces Decision No. 568/QD-SGDHN dated May 23, 2024
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Notice of stock status
On July 09, 2024, HNX announces the status of Song Da 1.01 Joint Stock Company’s shares (stock code: SJC) as follows: 
- SJC 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 according to Section 2 Article 139 of the Enterprise Law; the Company is compulsory delisted according to Point i, Clause 1, Article 120 of Decree No. 155/2020/ND-CP dated December 31, 2020 of the Government detailing the implementation of a number of articles of the Securities Law; in the case of trading restriction according to the provisions at Point e, h Clause 1 Article 34 of the Regulation attached to Decision No. 34/QD-HDTV dated November 16, 2022 of the Vietnam Stock Exchange. Trading restriction: it is only traded on Friday weekly when it is removed from trading suspension.
- SJC shares are under trading suspension from June 03, 2024 due to the Company has no remedy from being under trading restriction according to Point d, Clause 1, Article 46 of the Securities Law, the Company is under trading suspension according to 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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