PVA: Decision on continued trading restriction on UPCoM

Following Decision No. 1039/QD-SGDHN dated October 05, 2023, HNX announces the continued trading restriction of PVA 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: according to point 2 Article 139 of Enterprise Law, the company has not organized Annual General Meeting of Shareholders for the recent 02 consecutive fiscal years within the maximum period from the end of the fiscal year; the company has stopped main production and business activities for 1 year or more; the company has negative owner’s equity recorded in Audited Financial Statement of 2020; the auditing organization gave disclaimer opinion on Financial Statements 2020; the company is late to submit the reviewed semi-annual financial statements of 2021, 2022 and audited financial statements of 2021, 2022 more than 45 days from the end of the time limit for information disclosure;
- Trading restriction: be traded on Friday weekly;
- Applicable law(s): Points a, b, c, dd and h, 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 Nghe An Construction JSC must send a document to the HNX to explain the cause and provide a remedy.