Accordingly, this enterprise was fined 85 million VND according to the provisions of Point a, Clause 4, Article 42 of the Government’s Decree No. 156/2020/ND-CP dated December 31, 2020 on sanctioning of administrative violations in the field of law. securities and the stock market.
Because there has been an administrative violation: Do not disclose information that must be disclosed in accordance with the law.
| Sanctions CMD due to a series of information disclosure violations. |
Specifically, Ho Chi Minh City Interior Decoration and Building Materials Joint Stock Company (the Company) does not disclose information (disclosure) on the information disclosure system of the SSC the following documents:
– Explain the reason why the profit after corporate income tax in the business results report of the financial statement of the fourth quarter of 2021 has changed by 10% or more compared to the financial statement of the fourth quarter of 2020,
– Report on corporate governance in the first 6 months of 2021;
The company failed to disclose information on time on the SSC’s information disclosure system with the following documents:
– Financial statements of the second quarter of 2021, the financial statements of the first 6 months of 2021, the report of corporate governance in 2021, the annual report of 2021,
– Resolution and Minutes of the 2022 Annual General Meeting of Shareholders, the 14th Change of Business Registration Certificate dated March 31, 2022,
– Certificate of business registration changed for the 15th time on April 15, 2022.