The Hanoi Stock Exchange (HNX) has just issued a document announcing that TKC shares of Tan Ky Construction and Real Estate Trading JSC are likely to be delisted.
According to HNX, TKC shares are likely to be delisted because the company seriously violated its information disclosure obligations and failed to fulfill its financial obligations to the Stock Exchange.
HNX will consider compulsory delisting of TKC shares. HNX requests TKC to respond in writing to the above issue within 5 working days from the date of signing the notice (November 20).
On October 6, HNX issued a document announcing the maintenance of the control status, the restriction on trading status, and the suspension of trading status for TKC shares.
The reason is that TKC has negative equity, calculated on the most recent financial statements (FS). The listed organization was late in submitting the reviewed 2023 semi-annual financial statements by more than 45 days compared to the prescribed time; late in submitting the audited 2022 financial statements by more than 6 months compared to the prescribed time; late in submitting the 2023 Q2/2023 financial statements and the 2023 semi-annual corporate governance report.
In addition, TKC shares are under warning because this enterprise has violated information disclosure regulations 4 times or more within 1 year and has not held the 2023 Annual General Meeting of Shareholders for more than 6 months from the end of the fiscal year.
Before the stock was suspended on September 22, Mr. Le Dai Nghia, Chairman of the Board of Directors, sold all of his more than 782,000 shares. Mr. Nghia could have earned more than 1 billion VND.
On the stock market, from the end of September until now, TKC stock price has been "stabilized" at 1,200 VND/share.
Listed company news
The stock market has a number of other important events of listed companies.
* MSH : On December 5, Song Hong Garment Joint Stock Company closed the transaction without the right to receive interim dividends for 2023. Dividends will be paid in cash at a rate of 25%, payment starting from December 22.
* HHV : On November 29, Deo Ca Transport Infrastructure Investment JSC closed the list of shareholders exercising the right to buy more than 82.33 million additional shares issued at a ratio of 4:1, with an offering price of VND 10,000/share.
* PPH : Phong Phu Corporation announces the closing of the right to pay 2023 cash dividend at a rate of 15%. The ex-dividend date is November 30, the expected payment date is December 11.
* PNJ : Phu Nhuan Jewelry Joint Stock Company announced its business results for October 2023, with net revenue and after-tax profit reaching VND 3,008 billion and VND 193 billion, respectively.
* BID : On November 29, Vietnam Joint Stock Commercial Bank for Investment and Development ( BIDV ) will close the list of shareholders issuing shares to pay dividends from the remaining profit after tax and reserve funds in 2021. The ratio is 100:12.69, corresponding to shareholders owning 100 shares will receive 12.69 new shares.
* LHC : Phuoc Hoa JSC bought more than 760,000 shares of Lam Dong Irrigation Investment and Construction JSC, equivalent to 5.28% on November 15.
* VMD : Mr. Le Dinh Duong, an individual related to Mr. Le Xuan Tung, Chairman of the Board of Directors of Vimedimex Pharmaceutical Joint Stock Company, registered to buy 1.5 million shares from November 24 to December 23 by agreement and order matching.
* PVI: Funderburk Lighthouse Ltd, a major shareholder of PVI Corporation, registered to buy 1 million PVI shares from November 22 to December 20 by negotiation and order matching.
* TIG : Thang Long Investment Group Corporation approved the transfer of all 16 million shares owned at Vietnam Real Estate and Renewable Energy Development Investment Corporation, equivalent to 45.71%. Implementation time before the second quarter of 2024.
VN-Index
At the end of the session on November 21, VN-Index increased by 6.80 points (+0.62%), to 1,110.46 points. Total trading volume reached more than 712.6 million units, worth VND 14,882.5 billion.
HNX-Index increased by 2.02 points (+0.89%), to 229.8 points. Total matched volume reached more than 91.3 million units, worth VND1,927.2 billion.
UpCoM-Index increased by 0.09 points (+0.1%), to 86.22 points. Total matched volume reached more than 25.3 million units, worth 375.2 billion VND.
According to Vietcombank Securities, among the industry groups that attracted good demand, steel and oil and gas stocks were the two groups with the best increase, approximately 1.3%.
Besides, active buying liquidity also found its way to more than 20 large-cap stocks, creating a positive premise to help the market maintain its accumulation rhythm.
From a technical perspective, most indicators are currently sideways and have not given any new signals. With the current developments, VN-Index will still tend to accumulate, trading within a range of 1,090-1,130 points in the short term.
SHS Securities believes that the market continues to recover positively after a strong decline, VN-Index increased by 6.80 points, closing at 1,110.46 points, remaining above the support zone of 1,100 points and heading towards the MA200 average price line. The market is still forming a balance zone for the accumulation process.
From a short-term perspective, with the positive recovery state being maintained, SHS believes that the new balance area for accumulation is likely to be in the 1,100-1,150 point range. However, this recovery is technical in nature with the growth momentum not really sustainable.
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