LDG Chairman Nguyen Khanh Hung explained that while on a business trip, he assigned his secretary to announce information about the stock sale, but this person was late.
This information was provided by Mr. Nguyen Khanh Hung in an official dispatch explaining the sale of 2.6 million LDG shares in the session of August 15 without disclosing information before the transaction.
Accordingly, the Chairman of the Board of Directors of LDG Investment Joint Stock Company said that from August 8 to August 15, he had several business trips away, so he made a "notification of insider stock transactions" and assigned the secretary to disclose the information according to regulations.
However, Mr. Hung said that because the secretary was a new employee and did not understand the regulations, it led to errors and delays in the information disclosure process. Immediately after returning to the business trip on August 15, Mr. Hung discovered the errors and requested additional handling to ensure compliance with regulations and stopped all subsequent transactions.
LDG Chairman also affirmed that this stock transaction was his personal business, not a transaction of company-owned stocks and had nothing to do with LDG’s interests. At the same time, this transaction also had nothing to do with the interests between the company and its partners and customers. Mr. Hung said he would comply with the administrative penalty decisions related to the above errors.
Currently, the management agency has not announced the penalty for the violation of LDG Chairman. On August 16, HoSE announced the removal of the transaction of selling 2.6 million LDG shares in the session on August 15 by Mr. Nguyen Khanh Hung.
At the end of today's trading session, LDG shares had an outstanding sell order at the floor price of VND5,980 with more than 25.5 million units.
Established in 2010, LDG operates in the real estate sector with products of land, townhouses, apartments, urban areas in many southern localities such as Ho Chi Minh City, Binh Duong , Dong Nai... The company also plans to expand its business in commercial real estate, services and entertainment in the near future.
Mr. Tu
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