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SSC fines public firm for late document submission

Wednesday, 07/13/2016 10:54


The State Securities Commission fined Can Tho Urban Joint Stock Company VND7.5 million (US$333,300) for the late submission of their public firm document on July 6. — Photo ssc.gov.vn

CAN THO (Biz Hub) — The State Securities Commission fined Can Tho Urban Joint Stock Company VND7.5 million (US$333,300) for the late submission of their public firm document on July 6.

Can Tho Urban Joint Stock Company became a public firm in July 2015, with charter capital of more than VND53 billion and 318 shareholders. Yet, it only handed over the document to the SSC this year.

Under local regulations, the document should have been submitted one month after the company became a public firm. — VNS