Rang Dong Holding RDP was reminded of late information disclosure

DNVN - On November 1, Ho Chi Minh City Stock Exchange (HoSE) issued an official dispatch reminding Rang Dong Holding Joint Stock Company (stock code RDP) of the delay in announcing financial statements for the third quarter of 2024.

According to the Ho Chi Minh City Stock Exchange (HoSE), as of October 30, 2024, HoSE has not yet received the consolidated financial statements and parent company for the third quarter of 2024 of Rang Dong Holding Joint Stock Company (stock code: RDP).

Pursuant to Circular 96/2020/TT-BTC dated November 16, 2020 of the Ministry of Finance guiding information disclosure on the stock market: "... In case a listed organization or a large-scale public company is a parent company of another organization or a superior accounting unit with a subordinate accounting unit organizing its own accounting apparatus, it must publish quarterly financial statements within 30 days from the end of the quarter", HoSE reminded and requested Rang Dong Holding to strictly comply with regulations on information disclosure.

Rang Dong Holding is headquartered at 190 Lac Long Quan, Ward 3, District 11, Ho Chi Minh City. This company specializes in manufacturing and trading household and technical plastic products; manufacturing machinery and equipment for the plastic industry; civil and industrial construction; site leveling; real estate business; office leasing; hotel and restaurant business; road freight transport...

According to HoSE, by October 30, 2024, HoSE had not yet received the consolidated financial statements and parent company for the third quarter of 2024 of Rang Dong Holding Joint Stock Company.

The Chairman of the Board of Directors of RDP is Mr. Ho Duc Lam. Although he has been a senior employee of Rang Dong Holding for many years, since the beginning of the year, Chairman of the Board of Directors Ho Duc Lam has sold and had a total of more than 19.1 million RDP shares sold, reducing his ownership ratio from 45.04% to 6.09% of the company's charter capital.

Regarding RDP shares, on October 17, 2024, Rang Dong Holding received Decision No. 588 from HoSE on transferring RDP shares from controlled to restricted trading from October 24, 2024. The reason is that the company is 45 days late in announcing the audited semi-annual financial statements for 2024 compared to the prescribed deadline. RDP shares are only traded in the afternoon session of the trading industry by centralized order matching and negotiated trading methods from October 24, 2024.

In an official dispatch sent to the State Securities Commission and HoSE on October 21, 2024 reporting measures and roadmap to overcome the situation of restricted securities trading, RDP said that the reason the company was late in announcing the audited semi-annual financial report for 2024 was because the company and the auditing organization, Nhan Tam Viet Auditing Company Limited, could not finalize the audit report on time as prescribed.

RDP commits to focus on completing the 2024 semi-annual financial report and publishing it as soon as possible. The company also commits to quarterly reporting on the status of overcoming the situation of restricted securities trading and disclosing information on the stock market according to regulations.

RDP's consolidated financial report for the second quarter of 2024 shows that sales and service revenue in the second quarter of 2024 reached VND 255.3 billion - a sharp decrease compared to VND 776.7 billion recorded in the same period last year. Accumulated in the first 6 months of 2024, sales and service revenue reached VND 765.9 billion, a long decline compared to the VND 1,361 billion recorded in the same period last year.

Total profit after corporate income tax in the second quarter was negative VND65.6 billion, while it reached VND10.4 billion in the same period in 2023. Accordingly, RDP's profit after tax in the first 6 months of the year was negative VND64.5 billion, a sharp decrease compared to VND11 billion recorded in the first half of last year.

In the official dispatch explaining the consolidated financial report for the second quarter of 2024 sent to the State Securities Commission and HoSE on July 26, 2024, RDP said that the profit after tax for the second quarter of 2024 was negative 65.6 billion VND, down 76 billion VND compared to the same period in 2023.

The reason is due to a sharp decrease in gross profit from sales and service provision with a decrease of 76.8 billion VND, financial revenue decreased by 2.9 billion VND. In addition, due to a decrease in financial expenses, an increase in sales expenses and business management expenses, a decrease in losses in joint ventures and associates, and a decrease in income tax expenses.

Thu An

Source: https://doanhnghiepvn.vn/kinh-te/chung-khoan/rang-dong-holding-rdp-bi-nhac-nho-cham-cong-bo-thong-tin/20241102110500577