Vietnam.vn - Nền tảng quảng bá Việt Nam

LDG Chairman fined over half a billion VND for delay in announcing stock sale news

VnExpressVnExpress26/08/2023


The Securities Commission has just fined LDG Chairman Nguyen Khanh Hung more than 520 million VND for "secretly selling" 2.6 million shares.

The State Securities Commission announced its decision to impose administrative penalties on Mr. Nguyen Khanh Hung on August 25. In addition to the fine, the Chairman of the Board of Directors of LDG Investment Joint Stock Company was also suspended from securities trading for 4 months.

At the trading session on August 15, Mr. Hung sold 2.6 million LDG shares without making a public announcement before the transaction. Explaining later, the Chairman of LDG said that from August 8 to August 15, he had several business trips away, so he made a "notification of insider stock transactions" and assigned the secretary to make a public announcement according to regulations.

However, according to him, because the secretary was a new employee and did not understand the regulations, it led to errors and delays in the information disclosure process. Immediately after returning to work on August 15, Mr. Hung discovered the errors and requested additional handling to ensure compliance with regulations and stopped all subsequent transactions.

The Chairman of LDG also affirmed that this stock transaction belongs to him personally, is not a stock transaction owned by the company and is not related to the interests of LDG. At the same time, this transaction is also not related to the interests between the company and its partners and customers.

At the annual meeting of LDG on August 23, Mr. Hung also apologized to shareholders and affirmed that there was no conspiracy in this matter. The Chairman of LDG said that in the past, he and the leaders had to use personal assets to help the company in difficult times.

Established in 2010, LDG operates in the real estate sector with products of land, townhouses, apartments, urban areas in many southern localities such as Ho Chi Minh City, Binh Duong , Dong Nai, Da Nang. The company also plans to expand its business in commercial real estate, services and entertainment in the near future.

In 2022, LDG achieved a consolidated profit after tax of VND 4 billion, only 1.54% compared to 2021. In the first half of this year, due to the continued difficulties in the real estate market, the company only achieved revenue of about VND 1.7 billion and a loss of VND 150 billion.

Mr. Tu



Source link

Comment (0)

No data
No data

Same tag

Same category

Spend millions to learn flower arrangement, find bonding experiences during Mid-Autumn Festival
There is a hill of purple Sim flowers in the sky of Son La
Lost in cloud hunting in Ta Xua
The beauty of Ha Long Bay has been recognized as a heritage site by UNESCO three times.

Same author

Heritage

;

Figure

;

Enterprise

;

No videos available

News

;

Political System

;

Destination

;

Product

;