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UPCoM firms suspended for failing to release audited reports

Update: May, 19/2020 - 16:20


The Hà Nội Stock 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

HÀ NỘI — The Hà Nội 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), Hậu Giang Agricultural Breeding Centre (HGA), 145 Trường Sơn Company (TS5) and Thắng Lợi 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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