(NLDO)- An Gia Real Estate was fined nearly 400 million VND for violations in the field of securities and the stock market.
The State Securities Commission (SSC) has just issued a decision to impose administrative sanctions in the field of securities and the securities market on An Gia Real Estate Investment and Development Joint Stock Company (An Gia Real Estate, head office at 60 Nguyen Dinh Chieu, District 1, Ho Chi Minh City) with a total fine of nearly 400 million VND.
Accordingly, this company was fined VND85 million for failing to disclose information that must be disclosed according to legal regulations. Specifically, it failed to disclose unusual information about documents related to the 2022-2023 audit contract.
An Gia Real Estate
The company was also fined an additional VND 60 million for the act of disclosing incomplete information on the corporate governance report, board of directors' resolutions, reporting missing information on transactions with An Gia Phu Thuan Real Estate Investment Company Limited; Missing information on transactions with Gia Khanh Management and Development Joint Stock Company... Presenting missing information on related persons of insiders in the governance report for the 3 years of 2022, 2023, 2024; disclosing incomplete information on information of members of the Board of Directors who were nominated for election in consecutive years...
In addition, An Gia Real Estate was fined VND 125 million for violating regulations on transactions with shareholders, business managers and related parties of these entities in 2022, 2023 and 2024. Specifically, the company made loans to related parties Gia Linh Real Estate JSC, Dong Nam Construction, Trading and Service LLC, Loc Phat Management and Development JSC, etc.
Finally, the company was fined VND125 million for not signing a written contract when conducting transactions with related parties. Specifically, the loan transaction with Gia Linh Real Estate JSC, but these transactions were carried out without signing a written contract.
In total, An Gia Real Estate was fined 395 million VND. At the close of trading on December 3, AGG shares fell 150 VND to 14,900 VND/share.
Source: https://nld.com.vn/bat-dong-san-an-gia-bi-phat-nang-196241203160643523.htm
Comment (0)