The Ho Chi Minh City Stock Exchange (HoSE) has just announced that it will transfer the shares of two companies from restricted trading to suspended trading. They are Bamboo Capital Group Joint Stock Company (Bamboo Capital - stock code BCG) and Tracodi Construction Group Joint Stock Company (Tradico - stock code TCD).
Accordingly, Bamboo Capital and Tracodi are currently subject to trading restrictions due to the listing organization's delay in submitting audited financial statements (FS) for 2024 (separate and consolidated) more than 45 days after the prescribed deadline. Up to now, both companies have not yet disclosed the audited FS for 2024 (separate and consolidated). TCD and BCG shares were simultaneously monitored under warning and control status on September 30.
Therefore, according to the regulations on listing and trading of listed securities of the Vietnam Stock Exchange: "Securities are suspended from trading when one of the following cases occurs: a) The listed organization is late in submitting audited annual financial statements or reviewed semi-annual financial statements more than 06 months after the prescribed deadline".
BCG brand is famous on HOSE floor
Therefore, BCG and TCD stocks will be transferred by HoSE from restricted trading to suspended trading according to regulations.
In addition, HoSE also noted that the two companies Bambo Capital and Tradico are under the provisions of Decree No. 155/2020/ND-CP which stipulates: "Shares of a public company will be delisted when one of the following cases occurs: i) The listed organization violates the late submission of audited annual financial statements for 3 consecutive years or at the end of the fiscal year, the listed organization does not fulfill its reporting obligation for the audited financial statements of the previous fiscal year".
Therefore, the two stocks BCG and TCD will fall into the case of mandatory delisting if by the end of fiscal year 2025 the company fails to fulfill its reporting obligation for the audited financial statements of 2024.
On the stock market, these two stocks are currently at only a few thousand dong per share, with very low liquidity. Specifically, at the close of the stock trading session on October 1, BCG was priced at 3,230 dong per share, and TCD was at 2,410 dong per share.
Source: https://nld.com.vn/2-co-phieu-bi-hose-dinh-chi-giao-dich-196251001204102686.htm
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