**Dat Xanh Mien Nam Penalized for Violation of Securities Information Disclosure**
On May 2, 2024, the State Securities Commission (SSC) issued a decision to impose an administrative penalty on Dat Xanh Mien Nam Investment and Services Joint Stock Company for violating regulations in the securities and securities market sector.
Dat Xanh Mien Nam was fined VND 85 million for failing to submit the following documents to the Hanoi Stock Exchange:
* 2021 Bond Issuance Fund Utilization Report
* 2021 Financial Statement
* 2021 Bond Interest and Principal Payment Status
* 2022 and 2023 Audited Report on the Utilization of Funds from Bond Issuance for Outstanding Bonds
In other news, on January 3, 2024, Dat Xanh Mien Nam disclosed a delay in principal payment of VND 150 billion and interest of nearly VND 19 billion for the MNRCH2123001 bond due to cash flow constraints. The MNRCH2123001 bond was issued on December 31, 2021, maturing on December 31, 2023, with monthly interest payments.
Source: HNX
As per the original schedule, the company was obligated to pay VND 150 billion in principal and VND 19 billion in interest on January 2, 2024. However, due to cash flow issues, Dat Xanh Mien Nam was unable to make the payment. The revised payment date is December 31, 2024.
Dat Xanh Mien Nam Investment and Services Joint Stock Company was established in 2009 (registered office at 27 Dinh Bo Linh, Ward 24, Binh Thanh District, Ho Chi Minh City). The legal representative of the company is General Director Do Van Manh.
Currently, Dat Xanh Mien Nam is an associate company of Dat Xanh Group (stock code: DXG, listed on the HoSE). The company’s core business is real estate trading and brokerage.
As of March 31, 2024, Dat Xanh Group owned 49.07% of Dat Xanh Mien Nam’s capital, with a capital contribution value of nearly VND 37 billion.
