Two Stocks Suspended from Trading on HOSE

BCG and TCD have been suspended from trading on HoSE, escalating from their previous restricted trading status. This decision stems from violations related to the disclosure of financial reports.

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The Ho Chi Minh City Stock Exchange (HoSE) has announced the transfer of shares from two companies, Bamboo Capital Group (Bamboo Capital – stock code BCG) and Tracodi Construction Group (Tracodi – stock code TCD), from restricted trading to suspended trading.

Both companies are currently under restricted trading due to delays in submitting their audited financial reports for 2024 (both standalone and consolidated), exceeding the 45-day limit. As of now, neither company has published their audited financial reports for 2024. The stocks TCD and BCG were placed under warning and control status on September 30th.

According to the listing and trading regulations of the Vietnam Stock Exchange, “Securities will be suspended from trading in the following cases: a) The listed organization fails to submit its audited annual financial report or its reviewed semi-annual financial report within six months of the deadline.”

The renowned BCG brand on the HOSE market

Therefore, HoSE will transfer the stocks BCG and TCD from restricted trading to suspended trading as per the regulations.

Additionally, HoSE has warned Bamboo Capital and Tracodi that, according to Decree No. 155/2020/NĐ-CP, “The shares of a public company will be delisted in the following cases: i) The listed organization fails to submit its audited annual financial report for three consecutive years or fails to fulfill its reporting obligations for the audited financial report of the previous fiscal year by the end of the current fiscal year.”

Thus, the stocks BCG and TCD will face mandatory delisting if the companies fail to submit their audited financial reports for 2024 by the end of the 2025 fiscal year.

In the stock market, these two stocks are currently trading at very low prices, with minimal liquidity. Specifically, at the close of the trading session on October 1st, BCG was priced at 3,230 VND per share, and TCD at 2,410 VND per share.

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