The State Securities Commission of Vietnam (SSC) has issued Decision No. 468/QĐ-XPHC, imposing administrative penalties on An Giang Import-Export Joint Stock Company (Angimex, Stock Code: AGM, UPCoM) for violations in securities and the securities market.
Angimex has been fined VND 92.5 million for failing to disclose information as required by law, as stipulated in Clause 4, Point a, Article 42 of Decree No. 156/2020/NĐ-CP dated December 31, 2020, issued by the Government regarding administrative penalties in the securities and securities market sector.
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Specifically, the company failed to disclose the following documents as required by law: Consolidated and Parent Company Financial Statements (FS) for Q4/2024 (English version); Corporate Governance Report for the first half of 2025; Interim Reviewed Consolidated and Parent Company FS for 2025; Consolidated and Parent Company FS for Q2 and Q3/2025; Explanation for the reasons behind the stock being placed under warning and the remediation plan; Periodic Report on the Use of Proceeds from Bond Issuance for bonds with outstanding debt audited in 2024 and semi-annual 2025; and more.
Additionally, the company disclosed the following information beyond the legally mandated deadlines: Resolutions of the Board of Directors No. 2509/NQHĐQT dated September 26, 2025, No. 2110-01/NQ-HĐQT dated October 21, 2025, No. 2210-02/NQ-HĐQT dated October 21, 2025, and No. 3010-07/NQ-XNK dated October 30, 2025, regarding personnel changes; Resolution of the Board of Directors No. 322/NQ-HĐQT dated June 14, 2024, on additional capital contribution to Angimex Food LLC totaling VND 50 billion; and more.
Currently, Angimex’s AGM shares are under trading restrictions as per Decision No. 1259/QĐ-SGDHN dated October 20, 2025, due to the company’s delayed submission of the 2025 Interim Reviewed FS beyond the 45-day limit from the end of the disclosure deadline. The shares are also subject to mandatory delisting due to negative equity in the 2024 audited Consolidated FS.
Furthermore, AGM shares are under warning as per Decision No. 901/QĐ-SGDHN dated July 10, 2025, because Angimex failed to hold the 2025 Annual General Meeting of Shareholders within the maximum timeframe following the end of the fiscal year.
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