Ngan Pho International Corporation and Gia Dinh Development Investment Corporation were both fined VND92.5 million for violations in information disclosure.
Ngan Pho International Corporation and Gia Dinh Development Investment Corporation were both fined VND92.5 million for violations in information disclosure.
On February 27, 2025, the Inspectorate of the State Securities Commission (SSC) issued a Decision on administrative sanctions for violations in the field of securities and the securities market against Ngan Pho International Joint Stock Company.
Specifically, Ngan Pho Company was fined VND 92.5 million according to the provisions of Point a, Clause 4, Article 42 of Decree No. 156/2020/ND-CP dated December 31, 2020 of the Government stipulating sanctions for administrative violations in the field of securities and the securities market for failing to disclose information that must be disclosed according to the provisions of law. The Company did not disclose information regarding: Semi-annual financial statements for 2023 and 2024, Report on the implementation of commitments of the issuing enterprise to bondholders for semi-annual bonds for 2023 and 2024, Payment status of principal and interest of bonds for semi-annual bonds for 2023 and 2024, Use of proceeds from audited bond issuance for semi-annual bonds for 2024.
This is not the first time the company has been fined for “concealing” information. Previously, in 2023, Ngan Pho was also fined VND 85 million for not submitting information disclosure to the Hanoi Stock Exchange for the 2022 Semi-Annual Financial Report; The situation of payment of interest and principal of semi-annual bonds in 2022; Report on the use of capital from the issuance of semi-annual bonds in 2022.
Ngan Pho International Joint Stock Company has a charter capital of 100 billion VND. In November 2021, the company issued a batch of 36-month bonds that expired in November 2024.
Also related to violations in information disclosure, on February 25, 2025, the State Securities Commission issued Decision No. on administrative sanctions in the field of securities and securities market against Gia Dinh Development Investment Joint Stock Company.
Accordingly, Gia Dinh Development Investment JSC was fined VND92.5 million for failing to disclose information required to be disclosed according to law.
The Company does not disclose information required to be disclosed by law for the following documents: Audited financial statements for 2022, Financial statements for the first quarter of 2023, Financial statements for the second quarter of 2023, Audited semi-annual financial statements for 2023, Financial statements for the third quarter of 2023, Financial statements for the fourth quarter of 2023, Annual report for 2022, Audited financial statements for 2023, Financial statements for the first quarter of 2024, Financial statements for the second quarter of 2024, Audited semi-annual financial statements for 2024, Financial statements for the third quarter of 2024, Financial statements for the fourth quarter of 2024, Annual report for 2023.
Source: https://baodautu.vn/hai-doanh-nghiep-bi-xu-phat-vi-em-thong-tin-tai-chinh-d250064.html
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