PID: Decision on continued trading suspension on UPCoM and Notice of stock status

PID: Decision on continued trading suspension on UPCoM and Notice of stock status

Following Decision No. 586/QD-SGDHN dated May 23 2023, HNX announces the continued trading suspension of PID stock as follows:
- Reason for trading suspension: the company did not disclose the Audited Financial Statement for 2023
- Reason for continued trading suspension: The company did not have nay remedy to overcome the reason for trading restriction according to Point d Section 1 Article 46 of Law on Securities
- Effective date: 03/06/2024
- Applicable law(s): Point e Section 1 Article 36 of the Regulations attached to Decision No.34/QD-HDTV dated November 16, 2022 of the Vietnam Stock Exchange.
Within 15 days from the date the stock is under continued trading suspension as prescribed in Article 1 of this Decision, PID must send a document to the HNX to explain the cause and provide a remedy.
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On May 23, 2024, HNX announces the status of Petroleum Interior Decoration Joint Stock Company’s shares (stock code: PID) as follows: PID shares are under continued trading suspension since 23/05/2024 according to Decision No.586/QD-SGDHN because The company did not have nay remedy to overcome the reason for trading restriction according to Point d Section 1 Article 46 of Law on Securities as prescribed in Point e Section 1 Article 36 of the Regulations on Organization and Management of the UPCoM Exchange attached to Decision No.34/QD-HDTV dated 16/11/2022
- The company is put under trading restriction according to Decision No. 1249/QD-SGDHN dated 07/12/2023 because the auditor gave disclaimer opinion on the most recent Audited Financial statement;  the company did not organize Annual General Meeting of Shareholders in the most recent 02 fiscal years according to Clause 2, Article 139 of the Enterprise Law; it had negative owner equity in Audited Financial Statement 2018 as prescribed at Points a, c, h Section 1 Article 34 of the Regulations attached to Decision No.34/QD-HDTV dated November 16, 2022 of the Vietnam Stock Exchange. Trading restriction: be traded on Friday weekly when it is removed from trading suspension

HNX