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VietNamNews

Company reprimanded for late disclosure

Update: March, 16/2013 - 09:53

BINH THUAN (VNS)— Binh Thuan Mineral Industry Company (KSA) has announced a VND130.5 billion (US$6.2 million) project in the Can Gio Eco-urban Tourism Area, which kicked off on January 27 and will be completed within six months.

However, it is regulated that extraordinary disclosures must be made within 24 hours of a project being green-lit, while in this case it took the company nearly two months.

During this time, KSA shares increased sharply with many sessions hitting the ceiling price. It closed yesterday at VND11,600 ($0.55), rising more than 22 per cent in comparison with January 27.-VNS


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