The Ho Chi Minh City Stock Exchange (HoSE) has recently announced a trading suspension for DRH shares of DRH Holdings JSC and LEC shares of Central Power Real Estate JSC, effective from September 16.
Specifically, HoSE stated that DRH shares will be moved from restricted trading to a trading suspension starting September 16 due to DRH Holdings’ continued violation of information disclosure regulations after being placed under restricted trading. This falls under the case of securities subject to trading suspension as per the regulations.
For the same reason, LEC shares have also been transferred from restricted trading to a trading suspension from September 16, as the company failed to comply with information disclosure requirements after being previously placed under restricted trading. Additionally, LEC is also under warning status due to other violations related to information disclosure.
The trading chart for LEC shares has been unusual in the past period.
On September 10, DRH shares plunged to the floor price of VND2,100 per share, while LEC shares saw no trading activity and remained at VND6,200 per share. These stocks have low liquidity and have witnessed sharp declines in the past 2-3 years due to inefficient operations, losses, and debts…
Recently, DRH Holdings released its audited financial statements for 2023. As one of the latest companies to submit financial reports, this delay led to DRH shares being placed under warning status from April 24.
In this report, DRH Holdings announced a net loss of VND123.8 billion due to a 21.83% increase in financial expenses and a 57.59% decrease in financial income, resulting in a shift from profit to loss.
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The Selling Pressure Mounts, Stocks Plunge
The market continues to adjust amidst pressure from large-cap stocks. The selling pressure intensified during the afternoon session, resulting in a 150% surge in trading volume compared to the morning. Notable activities were observed in the food sector.
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