DZM: Decision on being put on alert & Notice of stock status
DZM: Decision on being put on alert & Notice of stock status
Decision on being put on alert
Following Decision No. 744/QD-SGDHN dated July 09, 2024, HNX announces the DZM stock will be put under alert as follow:
- Reason: the Company has not convened the Annual General Meeting of Shareholders for the recent 02 consecutive fiscal years in the time limit from the end of fiscal year according to the provisions of Clause 2, Article 139 of the Law on Enterprises;
- Effective date: 15/7/2024;
- Applicable law(s): Point b Clause 1 Article 33 of the Regulation attached to Decision No. 34/QD-HDTV dated November 16, 2022 of the Vietnam Exchange
Within 15 days from the date the stock is put under alert, Dzi An Mechanoelectric Joint Stock Company shall send a document to the HNX to explain the cause and provide a remedy.
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Notice of stock status
On July 09, 2024, HNX announces the status of Dzi An Mechanoelectric Joint Stock Company’s shares (stock code: DZM) as follows:
- DZM stock is under alert from 15/7/2024 according to Decision No. 744/QD-SGDHN dated July 09, 2024 due to the reason that the company has not convened the Annual General Meeting of Shareholders for the recent 02 consecutive fiscal years in the time limit from the end of fiscal year according to the provisions of Clause 2, Article 139 of the Law on Enterprises so it belonged to the cases under Point b Clause 1 Article 33 of the Regulation attached to Decision No. 34/QD-HDTV dated November 16, 2022 of the Vietnam Exchange;
- DZM stock is under trading restriction according to Decision No. 537/QD-SGDHN dated May 23, 2024 due to the reason that the company is late in submitting the audited Financial Statement 2023 for more than 45 days from the deadline of information disclosure under point b Section 1 Article 34 of the Regulations on registration and management of transactions of unlisted securities promulgated together with Decision No. 34/QD-HDTV dated November 16, 2022 by the Vietnam Exchange; trading restriction: the stock is allowed to be traded only on Friday weekly from the day it is put out of trading suspension;
- DZM stock is under trading suspension according to Decision No. 61/QD-SGDHN dated February 05, 2024 as the Company was forced into delisting because of serious violations on information disclosure under Point d Section 1 Article 36 of the Regulations attached to Decision No. 34/QD-HDTV dated November 16, 2022 by the Vietnam Exchange.
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