CII
The State Securities Commission of Vietnam (SSC) has issued Decision No. 458/QĐ-XPHC regarding administrative penalties in the securities and stock market sector against Ho Chi Minh City Infrastructure Investment Joint Stock Company (Stock Code: CII, HoSE).
According to this decision, CII was fined 92.5 million VND for failing to disclose information required by law.
Specifically, CII did not disclose the following documents: Semi-annual Report on the Use of Proceeds from the 2021 Bond Issuance; Report on the Use of Proceeds from the 2020 Bond Issuance; 2021 Semi-annual Financial Report; 2020 Annual Financial Report; Semi-annual 2021 Bond Interest and Principal Payment Status; Audited Semi-annual 2023 Report on the Use of Proceeds from Bond Issuance.
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Seaside Homes Real Estate
According to Decision No. 454/QĐ-XPHC, Seaside Homes Real Estate Investment and Development LLC was fined 92.5 million VND for failing to disclose information required by law.
The company did not disclose the following documents: Report on the Use of Proceeds from the 2022 Bond Issuance; Audited Semi-annual 2023 Report on the Use of Proceeds from Bond Issuance. The company also failed to disclose on time the Audited Semi-annual 2024 Report on the Use of Proceeds from Bond Issuance.
Summer Beach Investment
The SSC issued Decision No. 451/QĐ-XPHC, imposing a fine of 92.5 million VND on Summer Beach Investment Joint Stock Company for failing to disclose required information.
According to the decision, Summer Beach Investment did not disclose to the Hanoi Stock Exchange the Audited Semi-annual 2023 Report on the Use of Proceeds from Bond Issuance. The company also failed to disclose on time the Audited Semi-annual 2024 Report on the Use of Proceeds from Bond Issuance.
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