KAC: Decision on being put under continued trading suspension

On December 07, 2023, HNX announces the continued trading suspension of KAC stock as follows:
- Ground for trading suspension: The Company has not disclosed the Audited Financial Statements 2020, 2021 and 2022 to the Hanoi Stock Exchange;
- Reason(s): The Company has no measures to overcome the causes that led to the Company's shares being placed in trading restriction according to the provisions of Point d Section 1 Article 46 of the Law on Securities;
- Another reason: The company was forced to be delisted due to serious violations on information disclosure obligations according to Decision No. 340/QD-SGDHCM dated September 26, 2019 by the Hochiminh Stock Exchange;
- Applicable law(s): Point e Section 1 Article 36 of the Regulations attached to Decision No.34/QD-HDTV dated November 16, 2022 by the Vietnam Stock Exchange.
Within 15 days from the date the stock is under trading suspension, Khang An Investment Real Estate Joint Stock Company shall send a document to the HNX to explain the cause and provide a remedy.