DNVN - On November 19, Ho Chi Minh City Stock Exchange (HoSE) announced that RDP shares of Rang Dong Holding Joint Stock Company have been moved from restricted trading to suspended trading.
According to HoSE, on October 17, HoSE issued Decision No. 588/QD-SGDHCM on transferring RDP shares of Rang Dong Holding Joint Stock Company from control to restricted trading from October 24, 2024 because the listed organization was late in submitting the audited semi-annual financial statements (BCTC) for 2024 (separate and consolidated) more than 45 days from the prescribed deadline.
After being put on the restricted trading list, RDP continued to violate information disclosure. HoSE issued Official Letter No. 1720/SGDHCM-NY dated November 1, 2024, the first reminder and Official Letter No. 1739/SGDHCM-NY dated November 6, 2024, the second reminder regarding the company's delay in disclosing information on its Q3/2024 financial statements (separate and consolidated).
Up to now, HoSE has not yet received RDP's audited semi-annual financial statements for 2024 and third quarter financial statements for 2024.
Pursuant to Point c, Clause 1, Article 41 of the Regulations on Listing and Trading of Listed Securities, HoSE shall transfer RDP shares from restricted trading to suspended trading as prescribed.
Rang Dong Holding, headquartered at 190 Lac Long Quan, Ward 3, District 11, Ho Chi Minh City, operates in many fields such as manufacturing and trading household plastics, technical equipment, manufacturing plastic machinery, construction, site clearance, real estate business, office leasing, hotel - restaurant services, and road freight transport.
In an official dispatch sent to the State Securities Commission (SSC) and HoSE on October 21, 2024, Rang Dong Holding reported measures and a roadmap to overcome the situation of restricted securities trading. The company said that the delay in announcing the audited semi-annual financial report for 2024 was due to the inability to agree on the audit report with Nhan Tam Viet Auditing Company Limited within the prescribed time limit.
RDP commits to promptly complete and publish the audited financial report as soon as possible, and periodically explain on a quarterly basis the status of overcoming transaction restrictions and complying with information disclosure regulations on the stock market.
Regarding business performance, RDP's consolidated financial report for the second quarter of 2024 recorded sales and service revenue of only VND 255.3 billion, a sharp decrease compared to VND 776.7 billion in the same period last year. Accumulated revenue for the first 6 months of 2024 reached VND 765.9 billion, a sharp decrease compared to VND 1,361 billion in the first half of 2023.
RDP's profit situation is also not very optimistic when the profit after tax in the second quarter of 2024 was negative 65.6 billion VND, while in the same period last year it was 10.4 billion VND. Accumulated for 6 months, the profit after tax was negative 64.5 billion VND, a significant decrease compared to the figure of 11 billion VND in the same period last year.
Source: https://doanhnghiepvn.vn/kinh-te/chung-khoan/co-phieu-rdp-roi-vao-dien-dinh-chi-giao-dich/20241120093957750
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