A series of businesses were fined for violating information disclosure.

The State Securities Commission (SSC) recently issued Decision No. 94 on administrative sanctions in the field of securities and the securities market against Quang Thuan Investment Joint Stock Company with its head office at 2 Nguyen Thi Dieu, Vo Thi Sau Ward, District 3, Ho Chi Minh City.

Accordingly, the company was fined VND92.5 million for failing to disclose information required to be disclosed according to law.

Specifically, Quang Thuan Investment did not send periodic information disclosure to the Hanoi Stock Exchange (HNX) regarding the report on the use of proceeds from the issuance of bonds with outstanding debt audited by a qualified auditing organization in 2022 and semi-annual 2023; and the report on the implementation of commitments of the issuing enterprise to bondholders in semi-annual 2022 and 2023.

At the same time, the company did not send the periodic information disclosure content to HNX on time for the semi-annual financial statements of 2021, 2021, 2022 and 2023; reports on the use of capital from bond issuance in semi-annual 2021 and 2021; reports on the payment of principal and interest of bonds in semi-annual 2021, 2023, 2021 and 2022.

On the same day, Norah Interior Design and Decoration JSC was also fined VND92.5 million for failing to disclose information required to be disclosed according to law.

The company did not submit periodic information disclosure to HNX for the 2021 semi-annual financial report; report on the payment of interest and principal of bonds in the 2021, 2021, and 2022 semi-annual periods; report on the use of capital from bond issuance in 2020, 2021, and 2022 semi-annual periods; and financial reports in 2020, 2021, and 2022 semi-annual periods.

Dai Phu Hoa Joint Stock Company, headquartered at 7th floor, 19-19/2A Ho Van Hue, Ward 9, Phu Nhuan District, Ho Chi Minh City, was also fined VND 92.5 million for not submitting periodic information disclosure to HNX for the 2022 and 2023 financial statements; reporting on the use of proceeds from bond issuance for outstanding bonds audited by a qualified auditing organization in 2022 and 2023;

Report on the payment of principal and interest of bonds in 2022 and semi-annual period of 2023; report on the implementation of commitments of the issuing enterprise to bondholders in 2022 and semi-annual period of 2023 .

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