Two businesses were fined 77.5 million VND for not disclosing information.

Recently, the State Securities Commission (SSC) has announced administrative sanctions in the field of securities and the securities market against Thuy Duong Vietnam Hotel Services Company Limited and Thanh Le Import-Export Trading Corporation (UPCoM: TLP).

Accordingly, these two companies were fined VND 77.5 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 for not disclosing information that must be disclosed according to the provisions of law.

Specifically, Thuy Duong Vietnam Hotel Services Company Limited did not send the information disclosure to the Hanoi Stock Exchange (HNX) regarding the Financial Report for 2020, semi-annual report for 2021; Payment of interest and principal of bonds for 2020, semi-annual report for 2021; Report on the use of capital from bond issuance for 2020, semi-annual report for 2021.

Thanh Le Import-Export Trading Corporation did not send the information to HNX regarding the Financial Reports for 2020, semi-annual reports for 2021 and 2022; Payment of interest and principal of bonds for 2020, semi-annual reports for 2021 and 2022; Report on the use of capital from bond issuance for 2020, semi-annual reports for 2021 and 2022.

Finance - Banking - Not disclosing information, 2 businesses were fined 77.5 million VND — Thanh Le Import-Export Trading Corporation was fined 77.5 million VND for not disclosing information.

Thanh Le Import-Export Trading Company (Thalexim) was established in 1991, operating under the Parent Company - Subsidiary model with 9 affiliated units including 6 subsidiaries and 3 branches.

The company's business activities include: Import and export of petroleum; Investment in development and business of industrial park infrastructure; Real estate business, office and port warehouse rental; Business of cultural - social services, entertainment.

Regarding the financial picture, in the second quarter of 2023, Thalexim recorded net revenue of VND 4,569 billion, down 29% compared to net revenue of VND 6,468 billion in the second quarter of 2022. The company's after-tax profit reached VND 6.8 billion, down 81% compared to the same period in 2022. At the end of the second quarter of 2023, the company's total assets were VND 7,831 billion .

Thu Huong

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