BOS Securities suspended trading activities

DNVN - According to the decision of the Vietnam Stock Exchange, BOS Securities Joint Stock Company (stock code: ART) is suspended from purchasing securities on the listed securities market and the registered trading market.

On February 17, 2025, the Vietnam Stock Exchange issued Decision No. 11/QD-SGDVN to partially suspend securities purchase activities on the listed securities market and the registered trading market for BOS Securities Joint Stock Company (stock code: ART).

The decision clearly states that the securities trading activities on the listed securities market and the registered trading market for BOS Securities JSC at the Ho Chi Minh City Stock Exchange and the Hanoi Stock Exchange are suspended.

The reason for the suspension is that ART was placed under control by the State Securities Commission (SSC) in Decision No. 1118/QD-UBCK dated October 11, 2024 for failing to meet financial safety standards. The SSC requires ART not to sign new or extend contracts related to customer services borrowing money to buy securities to conduct margin trading as prescribed because it no longer meets the condition of having a minimum capital availability ratio of 180% continuously for the last 6 months as prescribed in Decree No. 155 of the Government .

BOS Securities is headquartered at Office Building 265 Cau Giay, Dich Vong Ward, Cau Giay District, Hanoi.

The suspension period of securities purchase activities on the listed securities market and the registered trading market is applied from February 17, 2025 until the State Securities Commission decides to remove BOS Securities JSC from control status.

Regarding ART's business situation, total revenue in the audited financial report in 2024 only reached 2.1 billion VND, a decrease of 2.7 billion VND compared to the same period last year, equivalent to a decrease of 57% compared to the same period in 2023.

Meanwhile, the total cost on the audited financial report for 2024 is 23 billion VND, an increase of 230 million VND over the same period last year, equivalent to an increase of 1%.

After deducting expenses, profit after tax in 2024 is negative 20.9 billion VND, up 16% compared to the loss in 2023 of 18 billion VND.

Artex Securities Joint Stock Company (ART) was established in 2008 with a charter capital of VND135 billion. The main business areas of the enterprise include securities brokerage, securities trading, securities investment consulting and securities custody. In September 2018, ART shares were listed on the Hanoi Stock Exchange (HNX). In 2019, the name was changed to BOS Securities Joint Stock Company.

According to the 2024 semi-annual management report, Ms. Le Thi Truc Quynh holds the position of Chairwoman of the Board of Directors. The position of General Director is held by Mr. Nguyen Thanh Le.

Thu An

Source: https://doanhnghiepvn.vn/kinh-te/chung-khoan/chung-khoan-bos-bi-dinh-chi-hoat-dong-mua-ban/20250219111637871