Company leaders must explain because of unusually high stock price increase

The Board of Directors of CMH Vietnam Group Joint Stock Company (CMH Vietnam - code CMS) has just announced the Board of Directors' resolution on the company's operations while the stock price has increased unusually sharply.

Accordingly, the resolution clearly states: The company's production and business activities are taking place normally according to plan, there have been no unusual or sudden activities up to the present time...

The company's General Director strengthens the work of informing shareholders and investors about the production and business situation; Issues press releases to provide objective information about the company's production and business situation...

In fact, in the past 2 months, CMS stock price has increased sharply from 8,000 VND/share to nearly 35,000 VND in the session on September 20. In today's session (September 21), CMS stock price is 32,000 VND.

This stock price increased 4 times in just 2 months, including many ceiling sessions.

The leader of CMH Vietnam added: "Currently, there are information channels/forums discussing and evaluating the value of CMS shares. We realize that these discussions and evaluations are based on unofficial sources of information about the company, not closely following the current production and business situation as well as the orientation in the following years of the company, potentially leading to incorrect assessments by investors, which can cause damage to shareholders if they do not have accurate information."

Mr. Nguyen Duc Huong, former Chairman of the Board of Directors of Lien Viet Post Bank, is also the Chairman, founding shareholder and largest shareholder of CMH Vietnam. Mr. Huong said that the members of the Board of Directors of CMH Vietnam do not participate in buying and selling and do not care about high or low market prices. Even seeing the high price of CMS shares, the leaders are worried about the risks that may happen to small, inexperienced shareholders.

On the afternoon of September 21, the Ho Chi Minh City Stock Exchange (HoSE) requested Duyen Hai Multimodal Joint Stock Company (code TCO) to explain why the company's TCO shares continuously increased to the ceiling price from September 14 to 20. Accordingly, the price of TCO shares increased from about VND9,000/share to VND14,000/share (at the closing time of the trading session on September 21).

According to the explanation of TCO's leaders, the price of TCO shares has increased to the ceiling for the past 5 consecutive sessions due to the supply and demand of the stock market and the buying and selling needs of investors in the market.

This development is actually beyond the control of the company. The company has absolutely no impact on the trading price of TCO shares on the stock market. Currently, all of the company's operations are normal and stable.

S. Nhung

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