HLA: Decision on continued trading restriction on UPCoM
21/08/2023
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Following Decision No. 852/QD-SGDHN dated August 17, 2023, HNX announces the continued trading restriction of HLA stock as follows: - Ground for continued trading restriction: Reviewed semi-annual Financial Statement of 2023; - Reason for trading restriction: The company has negative owner’s equity recorded in latest reviewed semi-annual Financial Statement of 2020; the company was late in submitting Audited Financial Statements 2020, 2021, 2022 and Reviewed semi-annual Financial Statement of 2021 and 2022; the company did not organize Annual General Meeting of Shareholders in the most recent 2 fiscal years according to Article 2, Clause 139 of the Enterprise Law - Reason for continued trading restriction: The company was late in submitting Reviewed semi-annual Financial Statement of 2023 for over 45 days according to the regulations on information disclosure (fiscal year from 1st October of the previous year to 30th September of the following year) - Trading restriction: be traded on Friday weekly; - Applicable law(s): Points a,b, 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 as prescribed in this Decision, Huu Lien Asia Corporation must send a document to the HNX to explain the cause and provide a remedy.
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