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PPI: Decision on continued trading restriction on UPCoM and Notice of stock status Decision on continued trading restriction on UPCoM
Following Decision No. 1059/QD-SGDHN dated October 04, 2024, HNX announces the continued trading restriction of PPI stock as follows:
- Base of review: Review Financial Statement 2024
- Reason for continued trading restriction: the company was late in submitting Review financial statement 2024 for over 45 days.
- Reason for continued trading restriction: the company did not organize Annual General Meeting of Shareholders in the most recent 02 fiscal years according to Clause 2, Article 139 of the Enterprise Law; it had negative owner equity in Audited Financial Statement 2020
- Trading restriction: be traded on Friday weekly when it is removed from trading suspension;
- Applicable law(s): Points a, b, h Section 1 Article 34 of the Regulations 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, Pacific Infrastructure Project Development & Investment Corporation must send a document to the HNX to explain the cause and provide a remedy.
This decision replaces Decision No.763/QD-SGDHN dated July 09, 2024.
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Notice of stock status
On October 04, 2024, HNX announces the status of Pacific Infrastructure Project Development & Investment Corporation’s shares (stock code: PPI) as follows:
- PPI shares are put under continued trading restriction according to Decision No.1059/QD-SGDHN dated 04/10/2024 due to the reason(s) that the company did not organize Annual General Meeting of Shareholders in the most recent 02 fiscal years according to Clause 2, Article 139 of the Enterprise Law. it had negative owner equity in Audited Financial Statement 2020; the company was late in submitting Review financial statement 2024 for over 45 days as prescribed at Points a, b, h Section 1 Article 34 of the Regulations attached to Decision No.34/QD-HDTV dated November 16, 2022 of the Vietnam Stock Exchange. Trading restriction: be traded on Friday weekly when it is removed from trading suspension.
- PPI shares are put under trading suspension according to Decision No.561/QD-SGDHN dated 23/05/2024 due to the reason(s) that the company did not have any remedy to overcome the reason leading to the trading restriction according to Point d Section 1 Article 46 of the Securities Law; as prescribed at Point e Section 1 Article 36 of the Regulations attached to Decision No.34/QD-HDTV dated November 16, 2022 of the Vietnam Stock Exchange.
HNX
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