PXC: Decision on continued trading restriction on UPCoM

Following Decision No. 1041/QD-SGDHN dated October 05, 2023, HNX announces the continued trading restriction of PXC stock as follows:
- Ground for continued trading restriction: Reviewed semi-annual Financial Statement of 2023
- Reason: the company is late to submit the reviewed semi-annual financial statements of 2023 more than 45 days from the end of the time limit for information disclosure;
- Other reasons: the company has negative owner’s equity recorded in Audited Financial Statement of 2022; the auditing organization gave disclaimer opinion on Financial Statements 2022;
- Trading restriction: be traded on Friday weekly;
- Applicable law(s): Points a, b, and c Section 1 Article 34 of the Regulations attached to Decision No.34/QD-HDTV dated 16/11/2022 of the Vietnam Stock Exchange.
Within 15 days from the date the stock is under continued trading restriction, PetroVietnam Urban Development Joint Stock Company must send a document to the HNX to explain the cause and provide a remedy.