ANTD.VN - This is the eighth time Tan Tao Company (ITA) has requested HOSE to remove its shares from the warning list. At the same time, the company also requested to be removed from the control list, restricted trading list and suspended trading list...
Tan Tao Investment and Industry Joint Stock Company (Tan Tao Company - stock code: ITA) has just sent a document to the State Securities Commission and Ho Chi Minh City Stock Exchange (HOSE) reporting on the situation of ITA shares being under warning, under control, restricted from trading, and suspended from trading in the fourth quarter of 2024.
Regarding the stock being put on warning status, Tan Tao Company said that it has disclosed information and resolved all the reasons for putting ITA stock on warning status due to violating information disclosure regulations according to Decision No. 586/QD-SGDCK dated August 26, 2022 and Notice No. 318/TB-SGDHCM dated March 1, 2023 of HOSE.
This enterprise said that more than 15 months since the date of meeting the conditions to be removed from the warning list according to regulations, Tan Tao Company has sent many official dispatches reporting that all causes have been resolved, but HOSE still has not responded with any reasons and has not resolved to remove ITA shares from the warning list.
“The delay in resolving the issue has greatly affected business operations, caused damage to Tan Tao Company and affected the legitimate rights of shareholders and domestic and foreign investors” – Tan Tao emphasized and continued to request HOSE to consider and issue a decision to remove ITA shares from the warning list according to regulations. The company also said that this was the 8th time it had sent a written request to HOSE on this issue.
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Tan Tao's ITA shares are currently under suspension of trading. |
Along with that, regarding the fact that ITA shares are under control, restricted from trading and suspended from trading, Tan Tao believes that the reason why the shares are put into the above categories is because the State Securities Commission has suspended the auditing qualifications of 4 auditors who audited the financial statements for Tan Tao Company in 2021, 2022 and the reviewed semi-annual financial statements in 2023.
This makes all other auditing companies afraid to audit Tan Tao Company. “This is a force majeure case that causes Tan Tao Company to not have an auditing unit and not be able to publish information on the 2023 audited financial statements, 2023 annual report, and 2024 semi-annual audited financial statements” – Tan Tao said.
This enterprise also said that there have been many reports to the State Securities Commission and HOSE requesting a temporary postponement of the disclosure of information on the 2023 Audited Financial Statements, 2023 Annual Report and 2024 Semi-Annual Reviewed Financial Statements due to force majeure.
However, up to now, the State Securities Commission has not yet responded to the Company, while HOSE has still issued a decision to put ITA shares on the restricted trading list from July 16, 2024 and decided to transfer ITA shares from the restricted trading list to the suspended trading list from September 26, 2024.
Tan Tao continued to send an official dispatch requesting HOSE to cancel the decision to suspend trading, but according to this enterprise, up to now HOSE has not responded to the Company, while continuing to issue a decision to put ITA shares under control from October 24, 2024.
This enterprise affirmed that it is still trying to find and convince auditing companies to audit its financial statements and continue to request HOSE to cancel decisions to remove ITA shares from the warning list, restricted trading list, suspended trading list and controlled list...
The controversy surrounding ITA shares has lasted for many years, with many businesses speaking out with similar arguments as mentioned above. However, the management agency, the State Securities Commission and the Ho Chi Minh City Stock Exchange, have not yet provided any official information in response to these issues.
Source: https://www.anninhthudo.vn/tan-tao-tiep-tuc-de-nghi-hose-dua-co-phieu-ra-khoi-dien-canh-bao-dinh-chi-giao-dich-post595143.antd
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