17 firms suspended from trading on UPCOM

Wednesday, May 23, 2018 08:18

The Ha Noi Stock Exchange (HNX) has temporarily suspended trading of shares of 17 firms on the Unlisted Public Company Market (UPCoM). — Photo cafef.vn

The Ha Noi Stock Exchange (HNX) on Monday announced a list of 17 companies which are subject to a three-day trading halt on the Unlisted Public Company Market (UPCoM) due to their late publication of 2017 audited financial statements.

These 17 firms have delayed the disclosure of their financial statements for more than 45 days after the deadline, meaning that their transaction will be temporarily suspended. The suspensions will last from May 23 to May 25 (three trading sessions).

Shares of these companies will be allowed to be traded normally after they disclose their audited financial statements.

In case the enterprises fail to publicise their information, when the deadline for the temporary suspension expires, the HNX will consider applying restricted trading mode to the violating companies.

The list of 17 businesses suspended from trading include some well-known names such as Colusa-Miliket Foodstuff JSC (CMN), Sai Gon Seaproducts Import-Export JSC (SSN), Ha Noi Construction Corp JSC (HAN), One World Services JSC (ONW) and Song Da 3 JSC (SD3).

Earlier, HNX had reminded 32 enterprises who delayed the disclosure of their 2017 audited financial statements for 30 days after the deadline. Out of those 32 businesses, 17 enterprises have been suspended so far. — VNS

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