A series of businesses must explain because their stocks hit the floor for 5 consecutive sessions.

September 19, 2023 08:00 Nhat Linh Print article

ANTD.VN - Apax Holdings Investment Joint Stock Company (code: IBC), The Golden Group Joint Stock Company (code: TGG), An Giang Import-Export Joint Stock Company (Angimex, code: AGM) must explain because their stocks have fallen to the floor for 5 consecutive sessions after being "sentenced" to suspend trading.

Nhiều cổ phiếu giảm sàn liên tiếp trước ngày đình chỉ giao dịch ảnh 1

Many stocks hit the floor continuously before the trading suspension day.

The Ho Chi Minh City Stock Exchange (HoSE) has just sent a document to a series of companies listed on this exchange, requesting an explanation for the fact that their stocks hit the floor price for 5 consecutive sessions from September 11, 2023 to September 15, 2023.

These companies include: Apax Holdings Investment Joint Stock Company (code: IBC); The Golden Group Joint Stock Company (code: TGG); An Giang Import-Export Joint Stock Company (Angimex, code: AGM). All three stocks above have been suspended from trading since the session on September 18.

Up to this point, 2/3 of the enterprises, The Golden Group and Angimex, have sent written explanations to the State Securities Commission and HoSE.

According to the explanatory document of The Golden Group, the situation of consecutive floor price drops in stocks is due to the impact of information about the company's stock being suspended from trading due to violations of information disclosure regulations related to the delay in submitting the 2022 Audited Financial Report and the 2023 Semi-Annual Reviewed Financial Report.

The stock price has been falling for 5 consecutive sessions due to market supply and demand. The decision to buy and sell stocks is decided by investors and is beyond the control of this business.

Similarly, for Angimex, the company also said that the reason why AGM stock price fell to the floor for 5 consecutive sessions was due to the impact of information from HoSE transferring AGM stock from restricted trading to suspended trading from September 18, 2023 because the Company continued to violate regulations on information disclosure after being put on restricted trading.

In the explanatory document, Angimex also affirmed that it had completely corrected the violations before the trading suspension date and had reported this to the State Securities Commission, the Vietnam Stock Exchange and the Ho Chi Minh City Stock Exchange to consider not putting AGM shares on the trading suspension list.

The leader of this company also added that the price of AGM shares fell to the floor for 5 consecutive sessions due to supply and demand in the stock market, investors' trading decisions are beyond the company's control, the company has no impact on the trading price of AGM shares on the market.

Sharing the same fate of being suspended from trading since September 18 are two other stocks, HPX of Hai Phat Investment Joint Stock Company (Hai Phat Invest) and TTB of Tien Bo Group Joint Stock Company. The reason is that these companies continue to violate regulations on information disclosure on the stock market after being put on the restricted trading list, which is a case of securities being suspended from trading.

On the stock market, HPX shares had 4 consecutive floor-price sessions before narrowing the decline in the last session of last week, thus escaping the reporting status. TTB shares have been continuously without transactions since being put on the restricted trading list in early July until now.

Regarding Hai Phat, after HoSE decided to suspend it, this enterprise announced its semi-annual audited financial statements for 2023. Accordingly, Hai Phat recorded revenue in the first 6 months of the year reaching 896 billion VND, an increase of 54% over the same period last year. The result of after-tax profit reached more than 57 billion, an increase of 88% over the same period last year.

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