Ocean Group shares are banned from trading in the morning session
HoSE put OGC shares into restricted trading from June 9 because the audited financial statements for 2021 have not been submitted for more than 45 days.
The Ho Chi Minh Stock Exchange (HoSE) has just issued a decision to bring OGC shares of Ocean Group (Ocean Group) from “control” to “restricted trading” from June 9, because this business Late submission of audited financial statements for 2021 is more than 45 days compared with the prescribed time limit. Accordingly, this code can only be traded in the afternoon session according to the method of order matching and agreement.
This measure has been recently applied by HoSE to enterprises that are slow to submit audited financial statements such as FLC, ROS and HAI.
Being placed in restricted trading area may affect the liquidity of these stocks when the time for investors to buy and sell is only done in the afternoon session.
Closing yesterday’s session, OGC stock dropped to 12,000 dong, losing nearly 40% from the peak at the end of March.
With Ocean Group, this business has just made a series of new moves after the official IDS Equity Holdings take over.
This company has just announced the sale of 7 debts with a total principal balance of more than 1,000 billion VND, of which the largest debt comes from Vneco Hanoi Investment & Trading Company with a value of more than 380 billion VND. The starting price is 1/10 of the outstanding loan offering, equivalent to more than 107 billion VND.
Another company under Ocean Group, Thang Long Ocean Investment Company (OTL), also offers to sell receivables with Song Da Construction Investment Joint Stock Company, principal balance excluding interest and penalties is more than 640 billion VND. The starting price of this debt is VND 20 billion, equivalent to 3% of the principal balance.
Minh Son
at Blogtuan.info – Source: vnexpress.net – Read the original article here
