PID: Decision on continued trading restriction on UPCoM

Following Decision No. 1249/QD-SGDHN dated December 07, 2023, HNX announces the continued trading restriction of PID stock as follows:
- Reason: 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 from the end of the fiscal year; the company has negative owner’s equity recorded in Audited Financial Statement of 2018; the auditing organization gave disclaimer opinion on Financial Statements 2018;
- Trading restriction: be traded on Friday weekly from the date the shares are out of the trading suspension;
- Applicable law(s): Points a, c 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, Petroleum Interior Decoration Joint Stock Company must send a document to the HNX to explain the cause and provide a remedy.