The Golden Group was fined more than 90 million VND for not disclosing information.

The Golden Group Joint Stock Company has just been administratively fined more than VND90 million by the State Securities Commission for failing to disclose information as required by regulations on documents: financial statements, annual reports, etc.

Illustration photo.

Accordingly, on January 25, the State Securities Commission Inspectorate issued Decision No. 40/QD-XPHC to administratively sanction The Golden Group Joint Stock Company (headquartered on the 7th floor, 45 Vo Thi Sau, Da Kao Ward, District 1, Ho Chi Minh City) with a fine of VND 92.5 million for not disclosing information that must be disclosed according to the law.

Specifically, the Company does not disclose information on the State Securities Commission's Information Disclosure System, the Ho Chi Minh City Stock Exchange's website and the Company's website on the following documents: Audited separate and consolidated financial statements for 2022, Reviewed separate and consolidated financial statements for the first half of 2023;

The Company did not disclose information on time on the State Securities Commission's Information Disclosure System, the Ho Chi Minh City Stock Exchange's website and the Company's website for the 2022 Annual Report, as prescribed.

The Golden Group Joint Stock Company (stock code: TGG), formerly Louis Capital Joint Stock Company, was established in 2012. In 2018, TGG was traded on the Ho Chi Minh City Stock Exchange (HoSE).

The Golden Group invests in many fields such as: real estate, securities, debt trading, seafood, agricultural products, cultivation and livestock.

Regarding business results, in the first 9 months of the year, The Golden Group recorded net revenue of VND 2.7 billion, down more than 99% over the same period (VND 575.7 billion).

Deducting costs and cost of goods sold, The Golden Group recorded a loss after tax of VND21.1 billion, while in the same period last year it lost VND24.9 billion.

Source: https://nhandan.vn/khong-cong-bo-thong-tin-the-golden-group-bi-phat-hon-90-trieu-dong-post794376.html

Source: https://baolangson.vn/kinh-te/641178-khong-cong-bo-thong-tin-the-golden-group-bi-phat-hon-90-trieu-dong.html