UPCoM firms suspended for failing to release audited reports

Tuesday, May 19, 2020 16:20

Exchange (HNX) has suspended 21 stocks trading on the secondary market UPCoM between May 21-25 for failing to release their audited 2019 financial reports. — Photo tinnhanhchungkhoan.vn

The Ha Noi Stock Exchange (HNX) has suspended 21 companies on the Unlisted Public Company Market (UPCoM) for three days over failure to release audited 2019 financial reports.

The companies have not published their full-year financial reports within 45 days after the reports were audited.

Their stocks will be suspended for three trading days between Friday (May 21) and Monday (May 25). The suspension will be lifted once the companies make their official financial statements.

The companies’ stocks will fall into the restriction list after the suspension if their audited reports are still not published.

Among 21 companies are Power Engineering JSC (PEC), Saigon Plastic JSC (NSG), Hau Giang Agricultural Breeding Centre (HGA), 145 Truong Son Company (TS5) and Thang Loi Coffee Company (CFV).

Some of those stocks have remained inactive since their debuts such as HGA, CFV and TS5.

The secondary market tracker UPCoM-Index gained nearly 1.0 per cent to end Tuesday at 53.80 points. — VNS

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