Accordingly, on April 22, the State Securities Commission issued Decision No. 71/QD-XPHC on administrative sanctions against BB Power Holdings Joint Stock Company (Address at A203 The Manor Tower, Me Tri Street, My Dinh 1 Ward, Nam Tu Liem District, Hanoi City).
The company was fined VND 92.5 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 (Decree No. 156/2020/ND-CP) for not disclosing information that must be disclosed according to the provisions of law.
Specifically, BB Power Holdings Joint Stock Company did not periodically disclose information on the following documents: Financial statements for 2020, Report on the use of proceeds from bond issuance audited in 2022, Report on the use of proceeds from bond issuance audited in 2023, Report on the use of proceeds from bond issuance audited in 2024.
In addition, the Company did not submit the information disclosure to the Hanoi Stock Exchange on time for the following documents: Report on the implementation of commitments of the issuing enterprise to bondholders in 2022; changes in interest payment date, principal payment date, interest rate code BBP.H.20.23.001.
Previously, on April 10, the State Securities Commission Inspectorate issued Decision No. 46/QD-XPHC on administrative sanctions in the field of securities and securities market against Green World General Joint Stock Company (Head office address at 47 Nguyen Cuu Van, Ward 17, Binh Thanh District, Ho Chi Minh City).
Accordingly, the Company was fined VND 85 million for failing to disclose information that must be disclosed as prescribed in Point a, Clause 4, Article 42 of Decree No. 156/2020/ND-CP dated December 31, 2020 of the Government regulating administrative sanctions for violations in the field of securities and the securities market.
Green World General Joint Stock Company does not fulfill its obligation to periodically disclose information on the following documents: Report on the use of capital from bond issuance in the first 6 months of 2021, Report on the use of capital from bond issuance in the first 6 months of 2022; Report on the use of capital from bond issuance in 2020; Report on the use of capital from bond issuance in 2021; Financial report for the first 6 months of 2021; Financial report for the first 6 months of 2022; Financial report for the year 2020; Financial report for the year 2021; Payment of interest and principal of bonds in the first 6 months of 2021; Payment of interest and principal of bonds in the first 6 months of 2022; Payment of interest and principal of bonds in 2020; Payment of interest and principal of bonds in 2021.
In addition, there are: Report on the use of capital from bond issuance in 2022; Report on the implementation of commitments of the issuing enterprise to bondholders in 2022: Financial report in 2022; Payment of principal and interest of bonds in 2022; Financial report for the first 6 months of 2023; Report on the implementation of commitments of the issuing enterprise to bondholders in the first 6 months of 2023; Payment of principal and interest of bonds in the first 6 months of 2023; Report on the use of funds from audited bond issuance in the first 6 months of 2023; Financial report in 2023; Report on the use of funds from audited bond issuance in 2023; Payment of principal and interest of bonds in 2023; Implementation status of the issuing enterprise's commitments to bondholders in 2023.
Source: https://nhandan.vn/hai-doanh-nghiep-bi-phat-hon-170-trieu-dong-do-vi-pham-cong-bo-thong-tin-lien-quan-trai-phieu-post875394.html
![[Photo] Warm cultural exchange program between Vietnamese and Chinese women and children](https://vphoto.vietnam.vn/thumb/402x226/vietnam/resource/IMAGE/2025/5/31/d1a2416767494e1e8af631b8bb8cb16f)
![[Photo] Crane falls on container truck and car at traffic construction site](https://vphoto.vietnam.vn/thumb/402x226/vietnam/resource/IMAGE/2025/5/31/a8d3ae08da324cfe8ee406174c0eacc4)
Comment (0)