Recently, Tan Ky Construction and Real Estate Trading Joint Stock Company (Code TKC) was suspended from trading by the Hanoi Stock Exchange (HNX) from September 25, 2023. The reason is that the company has repeatedly violated regulations on information disclosure.
In particular, Tan Ky Real Estate has delayed the disclosure of information for the 2nd quarter 2023 financial statements, the governance report and the 2023 semi-annual audited financial statements.
Tan Ky Real Estate (TKC) has just had its trading suspended by HNX, the chairman immediately wants to divest all capital (Photo TL)
As soon as the information about TKC shares being suspended was released, the company announced that the Chairman of the Board of Directors - Mr. Le Dai Nghia had registered to sell all 782 thousand of his shares. This amount of shares is equivalent to about 5.21% of the charter capital.
The expected transaction time is from September 19 to October 12, 2023, by negotiation and order matching. In the trading session on September 20, 2023, TKC shares are priced at VND 1,300/share. Thus, if all capital is divested, Mr. Nghia will earn more than VND 1 billion.
In addition to being suspended from trading, TKC shares are also under warning because the listed organization is late in submitting the audited semi-annual financial statements for 2023 beyond the prescribed time. The company has also violated this regulation more than 4 times within 1 year. The company has not yet held the 2023 Annual General Meeting of Shareholders, which must be held 6 months after the end of the fiscal year.
Finally, TKC shares are also under control due to negative equity in the latest financial statements. In the fourth quarter of 2022 business results, TKC recorded negative net revenue of VND 1.3 billion, and negative profit after corporate income tax of VND 638.9 billion.
Source
Comment (0)