Bac Giang Cement, Dat Viet Cement, Thuan Phat Cement... fined.

(Dan Tri Newspaper) - Many companies have been fined for violating regulations by failing to disclose complete information related to fundraising through bond issuance.

On December 5th, the State Securities Commission (SSC) issued a decision imposing administrative penalties on Bac Giang Cement Joint Stock Company, totaling 112.5 million VND.

Specifically, the fine of VND 92.5 million was imposed because the company failed to disclose a series of information as required, including audited financial statements for the years 2022, 2023, and 2024; resolutions and minutes of the annual general meetings of shareholders for the years 2023, 2024, and 2025; annual reports for the years 2022, 2023, and 2024; and reports on the company's governance situation from 2022 to the first half of 2025.

The State Securities Commission also imposed an additional fine of 20 million VND because the company failed to comply with regulations on the means and form of information disclosure by not having a legally compliant website.

On the same day, the State Securities Commission issued a decision imposing an administrative fine of VND 92.5 million on the Housing Renovation and Development Joint Stock Company for failing to disclose a series of information that was required to be disclosed according to regulations.

The list of unpublished documents includes audited financial statements for three consecutive years (2022-2024); annual reports; corporate governance reports for the corresponding years and the first six months of 2023, 2024, and 2025; and documents related to the annual general meeting of shareholders such as meeting notices, meeting documents, minutes, and resolutions for the years 2023-2025.

Many businesses such as Wincommerce, Dat Viet, Thuan Phat… were fined (Photo: Manh Quan).

Earlier on December 4th, a number of companies including Dat Viet Development Joint Stock Company, Thuan Phat Real Estate Investment and Development Joint Stock Company, Unity Real Estate Investment Company Limited, and Wincommerce General Trading and Service Joint Stock Company were also fined 92.5 million VND.

The reason is the failure to disclose information as required regarding documents such as the Report on the fulfillment of commitments by the issuing enterprise to bondholders; the Report on the use of funds raised from bond issuance; the status of principal and interest payments; the status of the use of funds raised from the 2021 semi-annual bond issuance, etc.

Source: https://dantri.com.vn/kinh-doanh/xi-mang-bac-giang-dat-viet-thuan-phat-bi-phat-20251209083959089.htm