Specifically, the State Securities Commission (SSC) has just issued an administrative violation decision in the field of securities and the securities market against Apax English Joint Stock Company with a fine of VND 92.5 million for administrative violations in the field of securities and the securities market. Apax English Company is related to Mr. Nguyen Ngoc Thuy (Shark Thuy), who has just been prosecuted and temporarily detained for the crime of fraud to appropriate property.
The reason for the penalty is that Apax English Company did not disclose the information that must be disclosed according to legal regulations. Specifically, the company did not send the content of the information disclosure to the Hanoi Stock Exchange for documents related to financial statements, the use of bond capital in 2021, 2022, 2023.
Many businesses are continuously penalized
In addition, the SSC also issued a decision to impose administrative sanctions in the field of securities and the securities market against Thuan Duc Joint Stock Company (Hung Yen) with a fine of VND 77.5 million. The reason for the penalty is that this company did not disclose the information that must be disclosed according to legal regulations.
Also for the same reason, Viet Uc Seafood Joint Stock Company (Binh Thuan province) was fined VND 92.5 million.
