Apax Holdings Investment Joint Stock Company (IBC code) has just issued a written explanation to overcome the situation of securities being restricted from trading. According to Mr. Nguyen Ngoc Thuy (formerly known as Shark Thuy), in recent times, the company's internal management has arisen some problems.
In addition, the report completion status of its subsidiary - Apax English Joint Stock Company is facing some difficulties due to lack of personnel and is in the process of restructuring, affecting the completion progress of Apax Holdings' financial report 2022.
Apax Holdings is working closely with the audit unit to complete the 2022 financial report as soon as possible.
Mr. Thuy's company is committed to disclosing information with the Financial Statement for 2022 immediately after its release, and at the same time disclosing information for the Annual Report of 2022 and the Financial Statement of the first quarter of 1 in accordance with regulations.
“In 2024, Apax Holdings will strictly abide by the regulations on the timely publication of the 2023 financial statements,” Mr. Thuy promised.
On May 25, Apax Holdings received a decision from the Ho Chi Minh Stock Exchange on the transfer of the company's shares from a controlled to a restricted area due to late submission of the audited 5 financial statements 2022 days earlier than the prescribed deadline.
Since switching to restricted trading, IBC shares have had a low price of only about 2.500 VND/share. Closing session 9/6, IBC price is 2.620 dong/share.
Recently, many businesses of "Shark" Thuy have faced many difficulties.
Previously, in addition to real estate debt, English center restructuring investment package and English learning package, Mr. Thuy's Egroup offered a plan to offset debt with household appliances.
Investors will be offset by products of Bells (Germany) such as hoods, electric stoves, pot sets, dishwashers, electronic door locks with cameras, etc. Products are offered in four packages (combo) with the lowest value of about 36 million VND and the highest value of more than 90 million VND.
Mr. Thuy is also ambitious to put Apax Leaders on the stock exchange in the future.
Mr. Thuy said, when on the winning momentum, the business went quite quickly and encountered a big stumbling block in 2019. This is also the time when Egroup opened the most English centers, operated for a very short time but had to close.
At one time, businesses lost nearly 1.000 billion VND in 6 months. Interest expenses, financial expenses make businesses "extremely hard".
Starting from July, Egroup will actively contact elderly, sick, sick or family investors who are in difficult circumstances to come to the company to close debts.
