MEC: Decision on continued trading restriction on UPCoM

Following Decision No. 461/QD-SGDHN dated May 22, 2023, HNX announces the continued trading restriction of MEC stock as follows:
- Reason for trading restriction: The company is late to submit the audited financial statements of 2022 more than 45 days from the end of the time limit for information disclosure
- Other reason for trading restriction: the company has negative owner’s equity recorded in reviewed semi-annual Financial Statement of 2021, the company is late to submit the audited financial statements of 2021 more than 45 days from the end of the time limit for information disclosure.
- Ground for continued trading restriction: Audited Financial Statement of 2022;
- Trading restriction: be traded on Friday weekly;
- Applicable law(s): Points a and b, 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 as prescribed in Article 1 of this Decision, Song Da Mechanical - Assembling Joint Stock Company must send a document to the HNX to explain the cause and provide a remedy.