Failure to disclose information, Aquatic Trade Investment was fined 85 million

The State Securities Commission has just issued Decision No. 255 on administrative sanctions against Aquatic Products Investment and Trading Joint Stock Company (UPCoM: ICF) located at Lot A77/I, Road No. 7, Vinh Loc Industrial Park, Binh Hung Hoa Ward, Binh Tan District, Ho Chi Minh City.

Accordingly, this company must pay a fine of VND 85 million according to the provisions of Point a, Clause 4, Article 42 of Decree No. 156 dated December 31, 2020 of the Government regulating administrative sanctions for violations in the field of securities and the securities market.

Specifically, the company did not disclose information required by law, including not disclosing information on the website of the State Securities Commission, the Hanoi Stock Exchange (HNX) and the company's website regarding the document explaining the reason for the loss in after-tax profit in the audited 2021 financial statements.

In addition, the company has disclosed information late for documents including the 2021 annual report, audited 2021 financial statements, 4th quarter 2021 financial statements and explained the reasons why after-tax profit in the 4th quarter 2021 financial statements changed by 10% or more compared to the same period last year;

Financial statements for the first quarter of 2022 and explanation of the reason why the profit after tax in the financial statements for the first quarter of 2022 changed from loss to profit, Official Letter No. 063/2310.CV.ICF dated October 21, 2022 explaining the reason why the profit after tax in the financial statements for the third quarter of 2022 changed by 10% or more compared to the same period last year, Official Letter No. 004/23.04.TC.ICF dated April 12, 2023 explaining the reason why the profit after tax in 2022 was a loss .

Thu Huong

Source: https://www.nguoiduatin.vn/khong-cong-bo-thong-tin-dau-tu-thuong-mai-thuy-san-bi-phat-85-trieu-a622110.html