Recently, the Ho Chi Minh City Stock Exchange (HoSE) has made decisions to put the shares of Dong A Plastics Group Joint Stock Company (HoSE: DAG), Central Power Real Estate Joint Stock Company (HoSE: LEC), Sao Thai Duong Investment Joint Stock Company (HoSE: SJF) and Vimedimex Pharmaceutical Joint Stock Company (HoSE: VMD) on warning list from September 21, 2023.
The reason is that the listed organization is 15 days late in submitting the audited semi-annual financial report compared to the prescribed deadline, which is a case of securities being warned according to the provisions of Point g, Clause 1, Article 27 of the Regulations on listing and trading of listed securities issued under Decision No. 17 dated March 31, 2022 of the Board of Members of the Vietnam Stock Exchange.
On the same day, the Ho Chi Minh City Stock Exchange also announced that shares of Vinalink Logistics Joint Stock Company (HoSE: VNL) will be removed from the warning list from September 18, 2023.
The reason is because the auditor's conclusion in the 2023 semi-annual audited financial report is fully accepted, in the case of securities being removed from the warning list according to the provisions of Point c, Clause 4, Article 37 of the Regulations on listing and trading of listed securities.
VNL stock performance over the past year (Source: Trading View).
Previously, HoSE put VNL shares on warning list from April 7, 2023 because the auditor gave an exception opinion on the 2022 audited financial statements of the listed organization.
According to the audited financial report for 2022, the accounting unit has issued an exception opinion regarding the debt confirmation of Logistic Vinalink.
Specifically, at the time of issuing the audit report, the auditor has not yet collected the letter confirming the payable debt for the advance payment for relocation compensation that Khanh Hoi Road Joint Stock Company paid to Vinalink Logistics related to the project of converting the function and exploiting the warehouse area at 145-147 Nguyen Tat Thanh according to the Principle Contract No. 2392/HDDB 14/11/2014 signed between the two companies with a balance as of December 31, 2022 of VND 32.8 billion as presented in Section 4.10 of the Notes to the Financial Statements.
At the same time, the auditor was also unable to perform alternative audit procedures to be able to express an opinion on the payables as stated above at December 31, 2022. Therefore, the auditor was unable to determine whether it was necessary to adjust this figure.
According to the explanation, Vinalink Logistics said the company is carrying out procedures to reconcile debts with Duong Khanh Hoi.
In addition, HoSE also maintained the warning status for shares of EverLand Group Joint Stock Company (HoSE: EVG) because the auditing organization had an exception conclusion for the company's semi-annual audited financial statements for 2023, which did not meet the provisions of Point c, Clause 4, Article 37 of the Securities Listing and Trading Regulations .
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