HoSE decided to put 6 stocks on restricted trading list

Ho Chi Minh City Stock Exchange (HoSE) recently issued documents transferring a number of stock codes from controlled to restricted trading.

Specifically, HoSE announced the transfer of shares of the following enterprises: Tien Bo Group Joint Stock Company (stock code: TTB); An Giang Import-Export Joint Stock Company (stock code: AGM); Tri Viet Securities Joint Stock Company (stock code: TVB); Apax Holdings Investment Joint Stock Company (stock code: IBC); Hai Phat Investment Joint Stock Company (stock code: HPX); Hoa Binh Construction Group Joint Stock Company (stock code: HBC) from the controlled list to the restricted list from May 23, 2023.

The above companies were all late in submitting their audited financial statements for 2022 more than 45 days after the prescribed deadline, falling into the case of securities restricted from trading as prescribed in Point a, Clause 1, Article 39 of the Regulations on Listing and Trading of Listed Securities issued under Decision No. 17/QD-HDTV dated March 31, 2022 of the Board of Members of the Vietnam Stock Exchange.

At the same time, these stocks will only be traded in the afternoon session of the trading day by centralized order matching method and negotiated trading method from May 23, 2023.

On the stock market, at the close of trading on May 17, TTB shares and HPX shares were trading around the reference price of VND2,440/share and VND4,150/share, while AGM shares were hitting the ceiling at VND6,270/share, and HBC shares were continuously falling to the limit at VND8,560/share.

The remaining shares of TVB and IBC both decreased approximately 2% to VND5,060/share and VND2,530/share, respectively .

Source