The brother-in-law of the Deputy General Director of Tien Giang Construction Company accidentally "secretly bought" shares and hopes for "sympathy"

Explaining the incident, Mr. Nguyen Thanh Dung said that he did not clearly understand the regulations on the value allowed for intraday trading according to Point 1, Article 33 of Circular 96/2020/TT-BTC dated November 16, 2022 of the Ministry of Finance on guidelines for information disclosure on the stock market.

Mr. Dung explained: "Now I am writing this Explanation Letter with the Report on Stock Transaction Results to send to your agency for consideration, approval and sympathy. I have absolutely no intention of buying or selling THG without registering. I promise to correct this in the future and be extremely careful when trading THG shares."

Em rể Phó TGĐ Công ty Xây dựng Tiền Giang vô tình mua chui cổ phiếu mong được thông cảm - Ảnh 1.

HHG Trading Chart

In fact, many people have bought or sold shares illegally on the stock market and have been fined. In the trading session on March 13, THG shares were trading around VND42,000/share with an average trading volume of more than 14,000 shares in the last 10 sessions. In 2022, Tien Giang Investment and Construction Joint Stock Company recorded revenue of VND1,648.03 billion, up 24.9% over the same period and profit after tax of VND143.04 billion, up 11.3% over the same period.

On March 13, the State Securities Commission also decided to fine Mr. Luu Huy Ha (residing in Thai Binh City, Thai Binh Province) VND 165 million for trading stocks outside the time period when the Vietnam Stock Exchange or its subsidiaries announced information.

Specifically, Mr. Luu Huy Ha, Chairman of the Board of Directors of Hoang Ha Joint Stock Company (stock code HHG), registered to sell 2.2 million HHG shares from August 22, 2022 to August 30, 2022. However, according to the monitoring results of the Hanoi Stock Exchange, Mr. Luu Huy Ha sold all HHG shares, earning VND 22 billion at par value on August 1, 2022.

At the same time, Mr. Ha was also given an additional penalty of suspension of securities trading activities for a period of 2 months (the average penalty range is from 1-3 months) according to regulations.

P. Dinh

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