PVE: Decision on continued trading restriction on UPCoM and Notice of stock status

Decision on continued trading restriction on UPCoM
Following Decision No. 1134/QD-SGDHN dated October 21, 2024, HNX announces the continued trading restriction of PVE stock as follows:
- Base of review: Review Financial Statement 2024
- Reason for continued trading restriction: the company was late in submitting Review financial statement 2024 for over 45 days.
- Reason for other 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 2022 and 2023 and Audited Financial 2023 for over 45 days;
- Trading restriction: be traded on Friday weekly
- Applicable law(s): Points b, 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, Petrovietnam Engineering Consultancy JSC must send a document to the HNX to explain the cause and provide a remedy.
This decision replaces Decision No.803/QD-SGDHN dated July 09, 2024.
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Notice of stock status
On October 21, 2024, HNX announces the status of Saigon Petrovietnam Engineering Consultancy JSC’s shares (stock code: PVE) as follows:
- PVE shares are put under continued trading restriction according to Decision No.1134/QD-SGDHN dated 21/10/2024 due to the reason(s) that 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 2022, 2023 and 2024 for over 45 days; as prescribed at Points b, h Section 1 Article 34 of the Regulations attached to Decision No.34/QD-HDTV dated November 16, 2022 of the Vietnam Stock Exchange.
- PVE shares are put on continued alert according to Decision No.804/QD-SGDHN dated 09/07/2024 due to the reason(s) that The audit organization have expressed a qualified opinion on the Annual Financial Statements for 03 consecutive years or more as prescribed at Point a Section 1 Article 33 of the Regulations attached to Decision No.34/QD-HDTV dated November 16, 2022 of the Vietnam Stock Exchange.