DNVN - On November 1st, the Ho Chi Minh City Stock Exchange (HoSE) issued a notice reminding Rang Dong Holding Joint Stock Company (stock code RDP) of the delay in disclosing its Q3/2024 financial report.
According to the Ho Chi Minh City Stock Exchange (HoSE), as of October 30, 2024, HoSE had not yet received the consolidated and parent company financial statements for the third quarter of 2024 from Rang Dong Holding Joint Stock Company (stock code: RDP).
Based on the regulations in Circular 96/2020/TT-BTC dated November 16, 2020, of the Ministry of Finance guiding the disclosure of information on the securities market: "...In cases where a listed company or a large-scale public company is the parent company of another organization or is a higher-level accounting unit with a subordinate accounting unit that has its own accounting system, it must disclose quarterly financial reports within 30 days from the end of the quarter," HoSE reminds and requests Rang Dong Holding to strictly comply with the regulations on information disclosure.
Rang Dong Holding is headquartered at 190 Lac Long Quan Street, Ward 3, District 11, Ho Chi Minh City. The company specializes in the production and trading of household and technical plastic products; manufacturing machinery and equipment for the plastics industry; civil and industrial construction; land leveling; real estate business; office leasing; hotel and restaurant business; and road freight transportation.
According to HoSE, as of October 30, 2024, HoSE had not yet received the consolidated and parent company financial statements for the third quarter of 2024 from Rang Dong Holding Joint Stock Company.
The Chairman of the Board of Directors of RDP is Mr. Ho Duc Lam. Although a senior executive who has been associated with Rang Dong Holding for many years, since the beginning of the year, Chairman Ho Duc Lam has sold and had his shares foreclosed on a total of more than 19.1 million RDP shares, reducing his ownership stake from 45.04% to 6.09% of the company's charter capital.
Regarding RDP shares, on October 17, 2024, Rang Dong Holding received Decision No. 588 from the HoSE (Ho Chi Minh Stock Exchange) regarding the transfer of RDP shares from the controlled category to the restricted trading category effective from October 24, 2024. The reason is that the company delayed the disclosure of its audited semi-annual financial report for 2024 by more than 45 days compared to the stipulated deadline. RDP shares will only be traded in the afternoon session of the trading sector through centralized order matching and negotiated trading methods starting from October 24, 2024.
In a letter sent to the State Securities Commission and HoSE on October 21, 2024, reporting on measures and a roadmap to address the restricted trading of securities, RDP stated that the reason for the delay in publishing its audited semi-annual financial report for 2024 was that the company and its auditing firm, Nhan Tam Viet Auditing Company Limited, were unable to finalize the audit report within the stipulated deadline.
RDP is committed to focusing on completing the audited semi-annual financial report for 2024 and publishing it as soon as possible. The company also commits to providing quarterly explanations and reports on the progress of addressing the trading restrictions on its securities and to disclosing information on the stock market as required by regulations.
RDP's consolidated financial report for the second quarter of 2024 shows that sales revenue and service provision in the second quarter of 2024 reached VND 255.3 billion - a sharp decrease compared to VND 776.7 billion recorded in the same period last year. For the first six months of 2024, sales revenue and service provision totaled VND 765.9 billion, a significant drop from the VND 1,361 billion achieved in the same period last year.
Total after-tax profit in the second quarter was a negative 65.6 billion VND, compared to 10.4 billion VND in the same period of 2023. Accordingly, RDP's after-tax profit for the first six months of the year was a negative 64.5 billion VND, a sharp decrease compared to the 11 billion VND recorded in the first half of last year.
In its explanatory letter regarding the consolidated financial report for the second quarter of 2024, sent to the State Securities Commission and HoSe on July 26, 2024, RDP stated that its after-tax profit for the second quarter of 2024 was a negative 65.6 billion VND, a decrease of 76 billion VND compared to the same period in 2023.
The reasons for this include a sharp decrease in gross profit from sales and services, down by VND 76.8 billion, and a decrease in financial income of VND 2.9 billion. Additionally, the company experienced a reduction in financial expenses, an increase in selling and administrative expenses, a decrease in losses from joint ventures and associated companies, and a reduction in income tax expenses.
Thu An
Source: https://doanhnghiepvn.vn/kinh-te/chung-khoan/rang-dong-holding-rdp-bi-nhac-nho-cham-cong-bo-thong-tin/20241102110500577
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