TNG Investment and Trading Joint Stock Company (HNX: TNG) has just announced that it has received a Decision from the State Securities Commission on administrative sanctions.
Accordingly, the company was fined a total of VND 130 million for the act of not disclosing information on time and disclosing information with incomplete content according to legal regulations.
Specifically, TNG Investment and Trade did not disclose information on time with credit contract No. 01/2022/469075/HDTD dated August 15, 2022 and Credit contract No. 01/2023/469075/HDTD dated August 2, 2023 signed between the company and the Bank for Investment and Development of Vietnam ( BIDV ) Thai Nguyen branch;
Credit contract No. 01/2022-HDCVHM/NHCT220-TNG dated June 15, 2022 signed between the company and Vietnam Joint Stock Commercial Bank for Industry and Trade ( VietinBank ) Thai Nguyen branch;
Financial report for the first quarter of 2024, report on the use of proceeds from bond issuance for outstanding bonds audited by a qualified auditing organization in 2022 and semi-annual period of 2023;
Report on the implementation of the issuing enterprise's commitments to bondholders in 2022 and semi-annual report of 2023 (for the issuance of individual corporate bonds code TNGH2023001).
TNG Investment and Trade was fined 130 million VND for violating information disclosure.
In April 2024, TNG also received an administrative penalty decision from the Thai Nguyen Provincial Tax Department with a fine of VND 35.1 million for false declaration and incomplete declaration of indicators related to determining tax obligations in tax records but did not lead to an increase in the amount of tax refunded. The aggravating circumstance is that the company has committed administrative violations many times.
During the day, TNG also announced information on the issuance of shares to pay dividends in 2023. The company plans to issue more than 9 million shares to pay dividends at a rate of 8% (shareholders owning 100 shares will receive 8 new shares). The number of decimal shares (if any) will be canceled. The last registration date is July 15, 2024.
TNG Investment and Trading Joint Stock Company is headquartered at 434/1 Bac Kan Street, Hoang Van Thu Ward, Thai Nguyen City, formerly known as Bac Thai Garment Factory, established on November 22, 1979.
The company produces and trades garments; produces paper and plastic packaging for making nylon bags, nylon raincoats and raw materials and accessories for garments; trades in industrial machinery and equipment... with a charter capital of 1,051 billion VND. The legal representative and Chairman of the Board of Directors is Mr. Nguyen Van Thoi .
Source: https://www.nguoiduatin.vn/dau-tu-va-thuong-mai-tng-bi-xu-phat-130-trieu-dong-a670268.html
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