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Xuan Thien Yen Bai Company Limited was fined for not disclosing information.

Báo Yên BáiBáo Yên Bái30/05/2023


According to the decision of the State Securities Commission, Xuan Thien Yen Bai Company Limited was administratively fined for not disclosing information.

Business indicators of Xuan Thien Yen Bai. Screenshot.

Business indicators of Xuan Thien Yen Bai. Screenshot.

According to information from the State Securities Commission (SSC), on May 24, 2023, the agency issued Decision No. 135/QD-XPHC on administrative sanctions in the field of securities and the securities market against Xuan Thien Yen Bai Company Limited (headquarter address: Na De Thang Village, Khao Mang Commune, Mu Cang Chai District, Yen Bai Province).

Accordingly, this company was fined VND 85 million according to the provisions of Point a, Clause 4, Article 42 of Decree No. 156/2020/ND-CP dated December 31, 2020 of the Government stipulating administrative sanctions for violations in the field of securities and the securities market for not disclosing information (CBTT) for information that must be disclosed according to the provisions of law.

Xuan Thien Yen Bai Company Limited did not submit information disclosure content to HNX for: Semi-annual financial statements (FS) of 2021, FS of 2021, Semi-annual financial statements of 2022, situation of payment of interest and principal of semi-annual bonds in 2021, situation of payment of interest and principal of semi-annual bonds in 2021, situation of payment of interest and principal of semi-annual bonds in 2022, report on the use of capital from semi-annual bond issuance in 2021, report on the use of capital from semi-annual bond issuance in 2021, report on the use of capital from semi-annual bond issuance in 2022).

Xuan Thien Yen Bai Company Limited is one of the member units of Xuan Thien Group, the billion-dollar business of businessman Nguyen Van Thien, the eldest son of tycoon Nguyen Xuan Thanh, along with two younger brothers Nguyen Duc Thuy - "boss Thuy" and Nguyen Xuan Thuy.

Xuan Thien Group was established in 2000, with an ecosystem of many member companies, the group has invested in many fields such as construction materials (traditional field), high-tech agriculture , hotels - tourism, real estate, logistics, education, renewable energy.

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