HNX announces 48 "black-list" stocks on UPCoM
HNX announces 48 "black-list" stocks on UPCoM
The Ha Noi Stock Exchange on September 29 announced 48 "black-list" stocks on the unlisted market to alert and protect investors.
The stocks which were listed in the warning set of the investors UpCOM trading system included four stocks that were suspended from trading -- Central Mining and Mineral Import Export Joint Stock Company (MTM), Tây Bắc Minerals Investment KTB Phu Thinh Metallurgy JSC, PTK Viet Hai Shipping & Real Properties Corporation VSP JSC, and Shipping and Real Estate Vietnam Customs -- showed serious violations in disclosure obligations.
Also on the warning list were 34 enterprises with no positive equity between December 31, 2015 and June 30, 2016. Compared with the previous warning list, it was an increase of five enterprises. The list included Su Pan 2 Hydroprwer JSC (SP2), Dong Nai Roofsheet And Construction Material JSC (DCT), Song Da 1 JSC (SD1) and AnViFish Joint Stock Company (AVF), as well as Bienhoa Concrete Joint Stock Company (BHC), Dong Do Marine(DDM), Giai Phong Motor Joint Stock Company (GGG) and Vietnam Sea Transport and Chartering Joint Stock Company (VST), along with Mien Trung Petroleum Construction JSC (PXM) and PetroVietnam-Nghe An Construction JSC (PVA).
There were seven businesses that refused to hand over their audited financial statement in 2015 -- BVG Investment Joint Stock Company (BVG), Song Da-Thang Long Join Stock Company (STL), Song Da 1 JSC (SD1) and AnViFish Joint Stock Company (AVF), as well as Central Petroleum Construction (PXM), Sara Vietnam JSC (SRA) and Viet Nam Construction Joint Stock Company No11 (V11).
In addition, they were also firms that showed their audited financial statement in 2014 and/or 2015, such as FBA International Group Corporation (FBA), Cement Joint Stock Company Song Lam 2 (PX1) and Viky Plastic Joint Stock Company (VKP).
Specifically, Petroleum Saigon Construction And Investment JSC (PSG), Cadovimex Seafood Import-Export & Processing JSC (CAD) and Song Da 27 SJC (S27) had negative equity and their financial statements differed from the audited ones.
