Recently, Unified Trading and Development Investment Joint Stock Company, with Mr. Pham Tien Dung as its CEO and legal representative, was found to have violated regulations by not registering the area, capacity, volume, methods, equipment, and mining plan with the provincial People’s Committee where the exploited minerals are located.
A panoramic view of the real estate complex of Unified Trading and Development Investment Joint Stock Company
Regarding the exploitation of minerals for common construction materials, the company is required to operate within the approved project scope and use the extracted products for the construction of those projects. This is in accordance with Clause 2, Article 43 of Decree No. 36/2020/ND-CP dated March 24, 2020, issued by the Government.
As a consequence of their violation, Unified Trading and Development Investment Joint Stock Company has been fined a total of VND 120 million (approximately USD 5,110). No supplementary penalties or remedial measures have been imposed on the company.
Previously, in 2021, the company was also fined by the Chairman of the People’s Committee of Bac Ninh province for the offense of putting buildings and works into use without organizing fire protection and fire-fighting acceptance.
A Breach of Trading and Disclosure: A Tale of a Penalized Oil and Gas Enterprise
The Petrochemical DMC Corporation has been slapped with a hefty fine of VND 282.5 million by the SSC for violations related to trading and disclosure of information.
The Pennies-for-Dollars Stock List
As of the market close on 11/10/2024, the VN-Index stood at 1,288 points, marking a notable 14% year-to-date increase, equivalent to a rise of 157 points. However, not all stocks have fared equally well. Some have plummeted or stagnated for almost a year, hovering around extremely low prices, often referred to as the “tea and chat” zone.
The Real Estate Company Fined Over Half a Billion Dong
The State Securities Commission has imposed a fine of VND 505 million on Nam Long Investment Joint Stock Company (coded NLG) for a series of violations, including disclosure of information, failure to sign written contracts when transacting with related parties, and non-disclosure of capital usage reports.
The Stock Market “Legend” Fined Over $200,000 in Tax Evasion with Aggravating Circumstances.
As of the first half of 2024, the company reported a profit of over 350 billion VND. A remarkable achievement, this success story is a testament to the company’s thriving business and bright future ahead.
