Two stocks have had their trading suspended by HOSE.

(NLĐO) - BCG and TCD have been moved from restricted trading to suspended trading by HoSE due to violations regarding the disclosure of financial reports.

The Ho Chi Minh City Stock Exchange (HoSE) has just announced that it will move the shares of two companies from restricted trading to suspended trading. These are Bamboo Capital Group Joint Stock Company (Bamboo Capital - stock code BCG) and Tracodi Construction Group Joint Stock Company (Tradico - stock code TCD).

Accordingly, Bamboo Capital and Tracodi are currently subject to trading restrictions due to the late submission of their audited financial statements for 2024 (separate and consolidated) by more than 45 days beyond the stipulated deadline. To date, both companies have yet to disclose their audited financial statements for 2024 (separate and consolidated). As of September 30th, both TCD and BCG shares were placed under warning and control status, respectively.

Therefore, according to the regulations on listing and trading of listed securities of the Vietnam Stock Exchange: "Securities shall be suspended from trading when one of the following cases occurs: a) The listed organization is more than 6 months late in submitting its audited annual financial statements or reviewed semi-annual financial statements compared to the prescribed deadline."

BCG is a well-known brand on the HOSE stock exchange.

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HPX executives had millions of shares sold off due to forced liquidation before trading was suspended.

Therefore, BCG and TCD shares will be moved from the restricted trading category to the suspended trading category by HoSE according to regulations.

In addition, HoSE also noted that Bambo Capital and Tradico are subject to the regulations in Decree No. 155/2020/ND-CP, which stipulates: "Shares of a public company shall be delisted when one of the following cases occurs: i) The listed organization violates the regulations by failing to submit audited annual financial statements for three consecutive years or fails to fulfill its reporting obligations regarding the audited financial statements of the immediately preceding fiscal year at the end of the fiscal year."

Therefore, the two stocks BCG and TCD will be subject to mandatory delisting if, by the end of the 2025 fiscal year, the companies fail to fulfill their reporting obligations regarding the audited financial statements for 2024.

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On the stock market, these two stocks are currently trading at only a few thousand dong per share, with very low liquidity. Specifically, at the close of trading on October 1st, BCG was priced at 3,230 dong/share, and TCD at 2,410 dong/share.

Source: https://nld.com.vn/2-co-phieu-bi-hose-dinh-chi-giao-dich-196251001204102686.htm