KAC: Decision on continued trading suspension on UPCoM

KAC: Decision on continued trading suspension on UPCoM

On May 23, 2024, HNX announced the continued trading suspension of Khang An Investment Real Estate Joint Stock Company’s shares (stock code: KAC) as follows:
- Base for consideration: the Company continued being late in submitting Audited Financial Statements 2023 for over 45 days from the end of the prescribed information disclosure period;
- Reason: The Company has no measures to overcome the causes leading to trading restriction as prescribed in Point d, Clause 1, Article 46 of the Securities Law;
- Another reason: The company was forced to be delisted because of serious violations of information disclosure obligations according to Decision No. 340/QD-SGDHCM dated 26/8/2019 of Ho Chi Minh stock exchange on delisting KAC shares;
- Applicable law(s): Points e and dd Section 1 Article 36 of the Regulations attached to Decision No. 34/QD-HDTV dated November 16, 2022 by the Vietnam Exchange
Within 15 days from the date the stock is under continued trading suspension, Khang An Investment Real Estate Joint Stock Company shall send a document to the HNX to explain the cause and provide a remedy.

HNX