TKC: Decision on being put under alert and Notice of stock status Decision on being put under alert
Following Decision No. 732/QD-SGDHN dated July 09, 2024, Tan Ky Construction Real Estate Trading Corporation’s shares (Upcom: TKC) will be put under alert as follow:
- Reason: the Company has not convened the Annual General Meeting of Shareholders for the recent 02 consecutive fiscal years in the time limit from the end of fiscal year according to the provisions of Clause 2, Article 139 of the Law on Enterprises;
- Effective date: July 15, 2024;
- Applicable law(s): Point b Clause 1 Article 33 of the Regulation attached to Decision No. 34/QD-HDTV dated November 16, 2022 of the Vietnam Exchange
Within 15 days from the date the stock is put under alert, Tan Ky Construction Real Estate Trading Corporation shall 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 Tan Ky Construction Real Estate Trading Corporation’s shares (Upcom: TKC) as follows:
- TKC shares are put under alert from July 15, 2024 due to the reason(s) that the company has not convened the Annual General Meeting of Shareholders for the recent 02 consecutive fiscal years in the time limit from the end of fiscal year according to the provisions of Clause 2, Article 139 of the Law on Enterprises according to Point b, Clause 1 Article 33 of the Regulations attached to Decision No. 34/QD-HDTV dated 16/11/2022 of the Vietnam Exchange.
- TKC shares are under continued trading restriction under Decision No. 533/QD-SGDHN dated May 23, 2024 due to the Company is more than 45 days late in submitting its audited financial statements 2023; the company is a company that is forced to be delisted due to failure to fulfill its financial obligations to the Stock Exchange according to the provisions of Point o, Clause 1, Article 120 of Decree No. 155/2020/ND-CP dated December 31, 2020 of The Government details the implementation of a number of articles of the Securities Law (Decree No. 155); in the case of stocks that are restricted from trading according to the provisions of Points b, g Clause 1, Article 34 of the Regulations on Registration and Management of Unlisted Securities Trading. Trading restriction period: Only allowed to trade every Friday from the date the stock is removed from the trading suspension;
- TKC shares are under trading suspension Decision No. 117/QD-SGDHN dated 13/03/2024 as the Company was forced into delisting out of their serious infringement on information disclosure under Point o Section 1 Article 120 of Decree No. 155/2020/ND-CP. HNX
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