CTN: Decision on continued trading restriction on UPCoM

Following Decision No. 692/QD-SGDHN dated July 07, 2023, HNX announces the continued trading restriction of CTN 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
- Other reasons: the company has negative owner’s equity recorded in Audited Financial Statement of 2016; the company is late to submit the audited financial statements of 2017, 2018, 2019, 2020, 2021, 2022 more than 45 days from the end of the time limit for information disclosure;
- Trading restriction: be traded on Friday weekly;
- Applicable law(s): Points a, b 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, Underground Works Construction JSC must send a document to the HNX to explain the cause and provide a remedy.