State Securities Commission “names and shames” some businesses that “hide” information

Accordingly, Linh Phong Construction Investment and Development Joint Stock Company - CONIC, headquartered at Lot 13B Conic Residential Area, Nguyen Van Linh, Phong Phu Commune, Binh Chanh District, Ho Chi Minh City, violated a series of regulations related to information disclosure according to securities regulations.

Specifically, this company did not send information disclosure content to the Hanoi Stock Exchange (HNX) on a number of documents, such as: Report on the use of capital from bond issuance in 2020 and the first 6 months of 2021; Payment of interest and principal of bonds in the first 6 months of 2021; Report on the use of proceeds from bond issuance for outstanding bonds audited by a qualified auditing organization in 2022 and the first 6 months of 2023,...

Home page of Linh Phong Construction Investment and Development Joint Stock Company - CONIC (Photo: CMH)

For the above violations, Linh Phong Construction Investment and Development Joint Stock Company was fined 92.5 million VND.

Dakrong Hydropower Joint Stock Company, located at Xa Lang Village, Dakrong Commune, Dakrong District, Quang Tri Province, was fined VND85 million for failing to disclose information that must be disclosed according to law.

In particular, this company did not send information disclosure content to the Hanoi Stock Exchange for the report on the use of capital from the issuance of semi-annual bonds in 2022; the payment of interest and principal of semi-annual bonds in 2022; the semi-annual financial report in 2022; the report on the use of capital from the issuance of bonds in 2021; the payment of interest and principal of bonds in 2021;...

Rivera Investment Joint Stock Company, located at P903, 9th Floor, Diamond Plaza Building, 34 Le Duan, Ben Nghe Ward, District 1, Ho Chi Minh City, was fined VND85 million for not disclosing information that must be disclosed according to legal regulations.

For example, this company did not send information disclosure to the Hanoi Stock Exchange for the following documents: Situation of capital use from semi-annual bond issuance in 2021; Situation of capital use from semi-annual bond issuance in 2022; Situation of capital use from semi-annual bond issuance in 2020; Situation of capital use from bond issuance in 2021,...

Source: https://www.congluan.vn/uy-ban-chung-khoan-nha-nuoc-beu-ten-mot-so-doanh-nghiep-vi-pham-post301802.html