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LCS: Decision on being put under trading restriction

May 27th at 13:27
27-05-2024 13:27:57+07:00

LCS: Decision on being put under trading restriction

Following Decision No. 515/QD-SGDHN dated May 23, 2024, HNX announces the following stock will be put under continued trading restriction as follow:
- Base for consideration: Audited Financial Statements 2023;
- Reason: the Company was late in submitting Audited Financial Statements 2023 for over 45 days from the end of the prescribed information disclosure period;
- Another reason: The UPCoM-traded stock is an involuntarily delisted company under Point b Section 1 Article 120 of Decree No. 155/2020/ND-CP dated December 31, 2020 by the Government detailing the implementation of a number of articles of the Law on Securities
- Trading restriction: only traded on Friday weekly;
- Applicable laws: Points b, dd Section 1 Article 34 of the Regulation on registration and management of transactions of unlisted securities promulgated alongside Decision No. 34/QD-HDTV dated November 16, 2022 by the Vietnam Exchange.
Within 15 days from the date the stock is under continued trading restriction, Licogi 16.6 JSC shall send an official letter to the HNX to for explanation and remedial measures.
 

HNX

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