Accordingly, the last trading day on HNX of TKG shares is December 26, meaning that more than 6.3 million TKG shares will officially leave the floor on December 27, 2024. The reason is that TKG seriously violated the obligation to disclose information, did not fulfill financial obligations to the Stock Exchange, and is subject to mandatory delisting according to regulations.
TKG shares were put on warning since April 24, 2024 due to the delay in announcing the 2023 financial report. To date, the company has not yet announced the 2023 financial report, the 2024 semi-annual financial report and has not held the 2024 Annual General Meeting of Shareholders, seriously violating the regulations of the stock market.
Tung Khanh Production and Trading Joint Stock Company, established in 2000, operates in the fields of trading stainless steel, sheet fabric, plastic chemicals and manufacturing household appliances, interior and exterior decoration.
The company listed on UPCoM in April 2021, before moving to HNX in August 2022. Currently, TKG has a charter capital of more than 63 billion VND, equivalent to 6.3 million shares.
Based on existing announcements, over the past years, TKG has recorded quite good revenue and steady growth, from 2019-2021 reaching about 120-150 billion VND in revenue per year. However, from 2022, there has been a decline when revenue decreased by 20% to more than 120 billion VND. Profit is also quite small, only about 3 billion VND (in 2022, it decreased sharply to 1.9 billion VND). In the first 9 months of 2023, the Enterprise achieved 57 billion VND in revenue and profit of just over 300 million VND.
As for KTT shares of KTT Investment Group Corporation, they will also be delisted from December 27, 2024. The reason is also due to serious violations of information disclosure obligations, failure to fulfill financial obligations to the Stock Exchange, which is a case of mandatory delisting according to regulations.
Previously, on September 15, 2022, HNX put KTT shares on warning list due to the Company's late submission of the 2022 semi-annual financial statements. After that, KTT continued to delay submitting the 2023 and 2024 semi-annual financial statements. The company also suffered a record loss of more than VND 15 billion in 2023 and an accumulated loss of nearly VND 24 billion as of December 31, 2023.
KTT Investment Group Joint Stock Company (KTT), formerly Thuan Hung Joint Stock Company, was established in 2003. The Company's main business activities include construction of 35 KV power lines and transformer stations; Construction of civil, industrial, and irrigation works.
The company was listed on HNX in 2010 with 2.5 million shares, equivalent to a charter capital of VND25 billion. To date, KTT has been operating on the stock exchange for more than 14 years, with a charter capital of nearly VND30 billion.
Thus, more than 2.9 million shares of KTT will also leave the HNX floor on December 27, 2024.
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