Mr. Nguyen Ngoc Thuy's company shares are restricted from trading.

Accordingly, IBC shares will only be traded in the afternoon session by centralized order matching and negotiated transactions from May 23. The reason is that IBC is 45 days late in submitting its audited financial statements for 2022 compared to regulations.

According to the consolidated financial report for the fourth quarter of 2022, this enterprise recorded negative net revenue of VND 45.5 billion. Cost of goods sold was negative of more than VND 81 billion.

Accumulated for the whole year of 2022, the company achieved net revenue of 1,336 billion VND, an increase of 35% compared to 2021. Loss after tax was more than 81 billion VND, a record loss in the history of Apax Holdings' operations.

Apax Holdings had a series of 25 consecutive floor-fall sessions after a series of scandals involving companies owned and related to Mr. Nguyen Ngoc Thuy.

On the stock exchange, IBC shares are currently priced at VND2,530/share, down about 87% compared to a year ago. The reason is that the company is having cash flow difficulties.

Many corporate stocks are restricted from trading. (Photo: Hoang Ha)

Business News

The stock market has a number of other important events of listed companies.

* DXG : Dat Xanh Group Corporation (DXG) announced the dismissal of Ms. Do Thi Thai from the Board of Directors after submitting her resignation on April 19. Mr. Luong Tri Thao - Deputy General Director and brother of Chairman of the Board of Directors Luong Tri Thin is expected to be elected to replace her.

* HBC : HoSE has just decided to transfer shares of Hoa Binh Construction Group Corporation (HBC) from controlled to restricted trading.

* HPX : HoSE reminded Hai Phat Investment JSC (HPX) to delay the disclosure of information in the 3rd Annual Report 2022.

* NCG : Ms. Le Hoang Thanh Thao, member of the Board of Directors of Nova Consumer Group Corporation (NCG) for the 2021-2025 term, resigned on May 15 for personal reasons.

* SZL : According to Sonadezi Long Thanh JSC (SZL), June 1 is the last registration date to pay the second dividend of 2022 in cash at a rate of 30%. Payment date is June 19.

Stock trading

* TDP : Thuan Duc Joint Stock Company (TDP) approved the transfer of 3 million shares at Thuan Duc JB Joint Stock Company, at a price of VND 12,000/share.

TDP also approved the transfer of 5 million shares at Thuan Duc Eco JSC at a price of VND30,000/share. The implementation period is before June 20 and 25.

* OCB : Ms. Nguyen Viet Trieu, wife of Mr. Ngo Ha Bac - Member of the Board of Directors of Orient Commercial Bank (OCB) sold 205,000 shares from April 14 to May 13, using the order matching method.

* S55 : ANZA JSC, a major shareholder of Song Da 505 JSC (S55), bought more than 2.01 million shares on May 10. ANZA currently owns 5.47 million shares, accounting for 54.7%, and has become the parent company of S55.

* HDA : Dong A Paint Corporation (HDA) approved the sale and transfer of 1.5 million shares owned at Bewin&Coating Vietnam JSC, at a price not lower than VND 10,000/share.

* VNE : Malblue JSC, a major shareholder of Vietnam Electricity Construction JSC (VNE), unsuccessfully purchased 3.5 million VNE shares from April 17 to May 16 by negotiation and order matching.

* PDR : Mr. Bui Anh Vu, General Director of Phat Dat Real Estate Development Corporation, registered to sell more than 18 million shares from May 22 to June 20, by negotiation or order matching.

VN-Index

At the end of the session on May 17, VN-Index decreased by 5.47 points (-0.51%), down to 1,060.44 points. Total trading volume reached 832.5 million units, worth VND13,174 billion.

HNX-Index decreased by 1.76 points (-0.82%) to 212.86 points with 87 stocks increasing and 93 stocks decreasing. Total trading volume reached 119.7 million units, worth VND1,650.8 billion.

UPCoM-Index decreased 0.09 points (-0.11%) to 80.57 points with 149 stocks increasing and 118 stocks decreasing. Total trading volume reached 57.9 million units, worth 640.8 billion VND.

Real estate stocks increased in price, the chairman quickly sold to take profit . Real estate stocks increased sharply, the chairman and leaders of many businesses quickly sold to take profit.

Source