The State Securities Commission has just fined nearly one hundred million dong for each enterprise that committed violations in bond issuance activities, including four companies related to Van Thinh Phat Group (VTP).
Enterprises that the State Securities Commission (SSC) issued administrative sanctions decisions related to Van Thinh Phat Group include: WorldWide Capital, Wealth Power, Kien Hung Thinh Construction and Sunny World Investment and Development Joint Stock Company .
Specifically, CTCP WorldWide Capital fined for not announcing to the Hanoi Stock Exchange (HNX) the completion of bond redemption before maturity for bond WWCCB2223001 and bond WWCCB2223002; The situation of using capital from bond issuance is audited in 2022; The situation of using capital from bond issuance is audited in 2022…
The State Securities Commission also imposed a fine CTCP Wealth Power for not notifying HNX about the 2022 Financial Report; The situation of using capital from bond issuance has been audited in 2022; Bond principal and interest payment situation in 2022; Status of implementing commitments of issuing businesses to bond holders in 2022; Completion of bond redemption before maturity for bond WPCCB2122001.
Meanwhile, Kien Hung Thinh Construction Joint Stock Company violated the error of not disclosing information to HNX about the following documents: Bond principal and interest payment situation in 2022; 2022 financial report; Status of implementing commitments of issuing businesses to bond holders in 2022; Situation of using capital from bond issuance in 2022; Situation of payment of principal and interest on semi-annual bonds in 2023; Report on the implementation of commitments of the issuing enterprise to holders of 2023 semi-annual bonds; Report on the use of money from bond issuance audited semi-annually in 2023; Semi-annual financial report 2023.
Kien Hung Thinh Construction Joint Stock Company also did not send the information prospectus to HNX about completing the redemption of bonds before maturity for bonds KHTCB2223001 and bonds KHTCB2223002.
Still Sunny World Investment and Development Joint Stock Company Penalized for failure to report to HNX: 2023 semi-annual financial report; 2022 financial report; The situation of using money from bond issuance is audited semi-annually in 2023; The situation of using money from bond issuance is audited in 2022; Situation of payment of principal and interest on semi-annual bonds in 2023; Bond principal and interest payment situation in 2022; Status of implementing commitments of issuing enterprises to holders of 2023 semi-annual bonds; Status of implementing commitments of issuing businesses to bond holders in 2022.
This company submitted the information prospectus content to HNX on time for the following documents: Semi-annual financial report 2021; Report on the use of capital from the 2021 semi-annual bond issuance; Situation of interest and principal payment of semi-annual bonds in 2021; Information disclosure on completion of bond redemption ahead of maturity for SNW-2018.10 bonds; 2021 financial report; Situation of using money from bond issuance in 2021; Bond principal and interest payment situation in 2021.
Notably, among the 4 businesses related to Van Thinh Phat, Sunny World Investment and Development Joint Stock Company has created a bond package code SNWCH1823001 with an issuance value of 2,400 billion, issued in October 2018 and matures in October 2018. October 2023.
In addition, 4 other businesses also made similar mistakes in not reporting information to HNX about important content, including: Vast King Investment Joint Stock Company, Tuong Khai Construction Investment Joint Stock Company, Minh Truong Phu Construction Joint Stock Company and Eagle Side Investment and Development Joint Stock Company.
Each of the above businesses was fined an amount of 92.5 million VND by the State Securities Commission.
