Vietnam Revival Health Company NHV fined for publishing false information

According to the decision of the State Securities Commission (SSC) issued on May 9, Vietnam Resurrection Health Joint Stock Company (UPCOM: NHV) was fined VND92.5 million for failing to disclose information required to be disclosed according to the law.

The Company does not disclose information as prescribed for the following documents: corporate governance report (CG) for 2022, 2023, semi-annual report (SAR) for 2024; audited financial statements (FS) for 2022, 2023; annual report (AR) for 2022, 2023; Resolutions of the Annual General Meeting of Shareholders (AGM) for 2023, 2024.

NHV did not disclose information on time for the following documents: semi-annual corporate governance report in 2021; explanation of the difference in after-tax profit changing by more than 10% between the 2021 audited financial statements and the 2020 audited financial statements; audited financial statements in 2020, 2021; annual reports in 2019, 2020; corporate governance report in 2021; documents for the 2021 and 2022 annual general meetings of shareholders; decision on administrative sanctions by the tax authority on September 15, 2020.

Vietnam Revival Health Joint Stock Company (NHV) was fined 367.5 million VND.

For the act of disclosing false information, NHV was fined 150 million VND according to regulations. Specifically, NHV disclosed false information regarding the 2020 corporate governance situation report. In the 2020 financial statements, the company had a transaction with a related party to recover the advance payment of 18 billion VND from the General Director - Mr. Luu Quang Thinh transferred to Ms. Phan Thi Thanh Huyen for a loan. However, in the 2020 corporate governance situation report, Section VII.2. "Transactions between the Company and related parties of the Company...", NHV stated "none".

In addition, NHV was also fined VND 125 million for violating regulations on transactions with business managers. On May 19, 2021, the company made an advance payment to Mr. Luu Quang Thinh - General Director to make a financial investment worth VND 54.16 billion, accounting for 95.6% of total assets, but it was not approved by the General Meeting of Shareholders at the time of the advance payment.

Thus, the total fine for NHV is 367.5 million VND. At the same time, NHB is forced to cancel information or correct information for the act of publishing false information according to regulations.

Vietnam Revival Health Joint Stock Company operates mainly in the field of pharmaceuticals - cosmetics and health care. The company's stock code NHV is listed on the UPCoM floor. The company's headquarters is located on the 2nd floor, building 25T2, lot N05, Southeast Tran Duy Hung urban area, Trung Hoa ward, Cau Giay district, Hanoi city).

According to the announcement of Hanoi Stock Exchange (HNX) issued on May 23, 2024, NHV shares of Vietnam Revival Health Joint Stock Company are in a state of restricted trading because the registered trading organization (TCĐKGD) is late in submitting the audited financial statements for 2023 more than 45 days from the deadline for information disclosure as prescribed; falling under the case of restricted trading shares as prescribed.

NHV shares of this company are in warning status according to Decision No. 709/QD-SGDHN dated July 7, 2023 because TCĐKGD has not held the 2023 Annual General Meeting of Shareholders within the maximum period from the end of the fiscal year as prescribed; this is a case of securities being warned according to regulations.

Currently, NHV shares are only traded every Friday and closed the most recent trading session on May 9 with a reference price of VND800/share.

Thu An

Source: https://doanhnghiepvn.vn/kinh-te/chung-khoan/cong-ty-suc-khoe-hoi-sinh-viet-nam-nhv-bi-xu-phat-do-cong-bo-thong-tin-sai-lech/20250513084625021