Securities Commission fines more businesses

The State Securities Commission of Vietnam (SSC) recently fined Binh Dien Fertilizer Joint Stock Company and An Binh Fund Management Joint Stock Company.

Accordingly, Binh Dien Fertilizer Joint Stock Company was fined VND40 million for submitting late application for registration as a public company. While An Binh Fund Management Joint Stock Company was imposed a fine of VND10 million for not arranging enough stockbrokers for each business field.

Since the beginning of this month, SSC has slapped penalty on five institutions with a total fine of VND290 million.

In related news, the Hanoi Stock Exchange announced that it has received application for initial listing of 10.49 million shares of Ninh Binh Phosphate Fertilizer JSC, and 15.69 million shares of Mineral Ferrous Metallergy JSC.

Source: Dau Tu Tai Chinh – Translated by Thuy Doan

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