Recently, the State Securities Commission (SSC) has announced administrative sanctions in the field of securities and the securities market against DIC Investment and Trading Joint Stock Company (UPCoM: DIC), located at 82 Tran Huy Lieu, Ward 15, Phu Nhuan District, Ho Chi Minh City.
DIC Investment and Trade must pay a fine of VND85 million for failing to disclose information required to be disclosed under the law. The decision takes effect from July 28, 2023.
Specifically, the company did not disclose information on the information disclosure system of the State Securities Commission for the 2020 Semi-Annual Corporate Governance Report; the 2020 Semi-Annual Separate and Consolidated Financial Statements; and the 2020 Separate and Consolidated Audited Financial Statements.
In addition, the company also did not disclose information on the HNX website for separate and consolidated financial statements for the third and fourth quarters of 2020; Annual Report 2020; Audited financial statements, separate and consolidated for 2020; Separate and consolidated financial statements for the first quarter of 2021; Resolution of the Board of Directors 02-2021 dated March 1, 2021 on approving the transfer of assets at the branch; Resolution of the Board of Directors No. 01-2021 dated February 4, 2021 on approving BIDV transferable bonds; Resolution of the Board of Directors No. 03-2021 dated March 23, 2021 on the DIC-PHC coal purchase and sale contract.
The Company also disclosed information not on time on the information disclosure system of the State Securities Commission for the separate and consolidated financial statements of the third and fourth quarters of 2019; explained the fluctuations in business results on the separate and consolidated financial statements of the third and fourth quarters of 2019; the separate and consolidated audited financial statements of 2019; explained the refusal of the auditing company to give an audit opinion on the 2019 financial statements; the 2019 Annual Report; the separate and consolidated financial statements of the first, third and fourth quarters of 2020; explained the fluctuations in business results of the first, third and fourth quarters of 2020; information on the 21st change in the Business Registration Certificate regarding the change in the title of the legal representative.
In addition, the company also did not disclose information on the information disclosure system of the State Securities Commission and the electronic information page of the Hanoi Stock Exchange (HNX) on the documents of the 2021 Annual Report, separate and consolidated financial statements for the second quarter of 2021, audited financial statements for the first 6 months of 2022, separate and consolidated financial statements for the fourth quarter of 2022, and audited financial statements for 2022.
DIC Investment and Trade must pay a fine of VND85 million for failing to disclose information required to be disclosed under the law. The decision takes effect from July 28, 2023.
Finally, the information disclosure was not on time on the information disclosure system of the State Securities Commission and the electronic information page of HNX for the Company's 6-month and 2021 Financial Management Report; Separate and consolidated financial statements for the fourth quarter of 2021 and the first, second and third quarters of 2022.
On the same day, Mr. Ho Trung Dong, residing at 255 Hung Vuong, Pleiku city, Gia Lai province, was also fined VND50 million by the State Securities Commission for failing to report when owning 5% or more of the voting shares of a public company.
Specifically, Mr. Dong made a transaction to buy 49,900 shares of Construction Joint Stock Company No. 5 (UPCoM: VC5) on October 14, 2022, increasing his ownership from 237,100 VC5 shares, equivalent to 4.74%, to 287,000 VC5 shares, equivalent to 5.74%, becoming a major shareholder of VC5. However, Mr. Dong did not report to the Hanoi Stock Exchange (HNX) when he became a major shareholder of VC5.
In addition, he also had to pay an additional VND27 million for not reporting changes in the percentage of shares owned over the threshold of 1% of the number of voting shares.
From November 11, 2022 to January 13, 2023, he bought and sold VC5 shares, resulting in a change in the share holding ratio continuously exceeding 1% of VC5's voting shares but did not report to HNX.
Thus, the total amount of fine Mr. Dong has to pay is 77 million VND .
Source
![[Infographic] Vietnam-Senegal traditional friendship](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/7/23/4c96a604979345adb452af1d439d457b)
Comment (0)