Following Decision No. 1277/QD-SGDHN dated December 07, 2023, HNX announces the continued trading restriction of HDO stock as follows:
- Reason for trading restriction: the company did not organize Annual General Meeting of Shareholders in the most recent 02 fiscal years according to Clause 2, Article 139 of the Enterprise Law; the company was late in submitting Review financial statements for 2021, 2022 and 2023 for over 45 days; the auditor gave disclaimer opinion on Financial statement 2019; it had negative owner equity in Review Financial Statement 2019
- Trading restriction: be traded on Friday weekly;
- Applicable law(s): Points a, b, c, h Section 1 Article 34 of the Regulations attached to Decision No.34/QD-HDTV dated November 16, 2022 of the Vietnam Stock Exchange.
Within 15 days from the date the stock is under continued trading restriction as prescribed in Article 1 of this Decision, HDO must send a document to the HNX to explain the cause and provide a remedy.