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Companies fined for disclosure violations

Update: April, 13/2012 - 11:11

HA NOI — Six listed firms were fined for violating disclosure regulations this week, the State Securities Commission reported.

Construction firm Chi Linh (MCL), Yen Bai Cement and Minerals (YBC), Cavico Manpower Services (CMS), Drilling Mud Corp (PVC) and Huu Nghi Vinh Sinh Mining and Mechanic (MAX) were fined VND60-70 million (US$2,800-3,000) each for failing to release financial statements on time. Property developer Idico Petroleum (PXL) was fined VND40 million ($1,900) for failing to buy back 1 million shares as it had previously registered.-VNS

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