Companies fined for disclosure violations

June 25, 2018 - 17:15

The State Securities Commission (SSC) has imposed administrative sanctions on 11 enterprises and individuals who have violated disclosure regulations during the past week.

The State Securities Commission (SSC) has imposed administrative sanctions on 11 enterprises and individuals who have violated disclosure regulations during the past week. — Photo vneconomy.vn

Viet Nam News

HÀ NỘI — The State Securities Commission (SSC) has imposed administrative sanctions on 11 enterprises and individuals who have violated disclosure regulations during the past week.

Of them, six companies were ordered to pay financial penalties for their violations.

The Corporation of Agriculture Irrigation Mechanisation Electrification Construction (AGRIMECO) and Trần Phú Electric Mechanical Company Limited had to pay VNĐ350 million (US$15,350) each for not registering for trading after becoming public companies.

An Giang Fisheries Import Export JSC (AGF) was fined a total of VNĐ155 million due to delays and deviation in disclosure of information compared to audited data.

Thảo Viên Service Investment One Member Company Limited and Việt Nam Electric Cable Corporation were both fined VNĐ85 million for not disclosing information of people involved in transactions.

Đức Giang Corporation was ordered to pay VNĐ70 million for failing to send registration documents for securities trading on time after becoming a public company. — VNS

Tags Vietnam news Vietnam news; SSI

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