Tan Tao requested 9 times to be removed from the warning list.

(NLDO) - Tan Tao believes that it has overcome all the causes of putting ITA under control, restricting transactions, and suspending transactions in the first quarter of 2025.

Tan Tao Investment and Industry Joint Stock Company (Tan Tao - stock code ITA) has just reported on the situation of ITA stock being under warning in the first quarter of 2025 and proposed to remove ITA stock from the warning list (9th time).

Accordingly, Tan Tao has overcome all the reasons for putting ITA shares on the warning list due to violations of information disclosure regulations. It has been more than 17 months since Tan Tao met the conditions to be removed from the warning list according to regulations. Tan Tao said that it had sent many official dispatches reporting the situation and had overcome all the reasons, but the Ho Chi Minh Stock Exchange (HoSE) still did not respond with any reasons and did not resolve to remove ITA shares from the warning list.

Tan Tao believes that the delay in resolving the issue will greatly affect its business operations, causing damage to Tan Tao and affecting the legitimate rights and interests of domestic and foreign shareholders and investors. Tan Tao Company proposed that HoSE consider and issue a decision to remove ITA shares from the warning list according to regulations.

A corner of Tan Tao Industrial Park

Specifically, report on the situation of ITA shares being under control, restricted from trading, and suspended from trading in the first quarter of 2025 and request HoSE to remove ITA shares from the restricted from trading list from July 16, 2024, remove ITA shares from the suspended from trading list from September 26, 2024, and remove ITA shares from the control list from October 24, 2024.

Tan Tao said that on November 11, 2024, Tan Tao sent a report on the situation of ITA shares being subject to warning, control, restricted trading, and suspension of trading in the fourth quarter of 2024 and requested HoSE to remove ITA shares from this list, but so far HOSE has not responded.

Tan Tao Company is still trying to find and convince auditing companies to conduct the 2023 audited financial statements, the 2024 semi-annual audited financial statements and prepare for the 2024 audited financial statements. Whether or not an auditing unit can be found depends on the actions taken to protect the rights and interests of shareholders and investors...

"Once again, for the benefit of shareholders and investors, Tan Tao Company urgently requests HoSE to cancel the decisions to remove ITA shares from the warning list, remove ITA shares from the restricted trading list from July 16, 2024, remove ITA shares from the suspended trading list from September 26, 2024, and remove ITA shares from the control list from October 24, 2024" - the document stated.

ITA has been suspended from trading since September 26, 2024 due to violating regulations on information disclosure on the stock market with a stock price of only VND 2,350/share.

Source: https://nld.com.vn/tan-tao-9-lan-de-nghi-duoc-dua-ra-khoi-dien-canh-bao-196250114211604798.htm