Recently, the State Securities Commission (SSC) issued Decision No. 292/QĐ – XPHC regarding administrative penalties in the securities and stock market sector against Hoang Thi Loan Textile Joint Stock Company (Stock Code: HLT, UPCoM market).
Accordingly, Hoang Thi Loan Textile was fined 65 million VND for failing to disclose information within the legally mandated timeframe.
Specifically, the company failed to timely disclose the 2023 Annual Report, the audited separate and consolidated financial statements for 2024, the 2024 Annual Report, the Corporate Governance Report for the first half of 2025, and the Certificate of Business Registration for the 11th change dated July 24, 2025.
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Additionally, Hoang Thi Loan Textile was fined 125 million VND for failing to invite representatives from the approved auditing organization to attend the Annual General Meeting of Shareholders when the audit report contained significant exceptions, conflicting opinions, or a refusal to provide an opinion.
Specifically, the audit opinion from An Viet Auditing Co., Ltd. on the company’s 2024 consolidated financial statements was a refusal to provide an opinion. However, the company did not invite representatives from the auditing organization to the 2025 Annual General Meeting of Shareholders.
Thus, the total fine imposed on Hoang Thi Loan Textile amounts to 190 million VND.
According to research, Hoang Thi Loan Textile Joint Stock Company was equitized from Hoang Thi Loan Textile Company, established in 1986.
Its business activities include the production and trade of yarn, woven fabrics, and apparel. The company’s headquarters is located at 33 Nguyen Van Troi Street, Truong Vinh Ward, Nghe An Province.
As of December 31, 2024, the company’s chartered capital stands at 55 billion VND.
Currently, Hoang Thi Loan Textile’s HLT shares are under restricted trading, only allowed to trade on Fridays. This restriction is due to the auditing organization’s refusal to provide an opinion on the company’s 2024 financial statements.
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