PSG: ​Decision on continued trading restriction on UPCoM

Following Decision No. 714/QD-SGDHN dated July 07, 2023, HNX announces the continued trading restriction of PSG stock as follows:
- Reason: according to point 2 Article 139 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 2020; the auditing organization gave disclaimer opinion on Financial Statements 2020; the company is late to submit reviewed semi-annual financial statements of 2021, 2022 and audited financial statements of 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, 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, Saigon Petroleum Construction and Investment JSC must send a document to the HNX to explain the cause and provide a remedy.