Securities Commission fines Vinacomin-ITS for late information disclosure

The State Securities Commission of Vietnam recently slapped a penalty on Vinacomin-Investment, Trading and Service Joint Stock Company for submitting financial statements late.

Accordingly, the company was fined VND30 million for submitting financial statement for 2011 and resolutions of its shareholders’ meetings late, and VND50 million for same action for annual report for 2012, financial statement for first quarter of 2013, and management report.

Earlier, Vinacomin Machinery JSC, another subsidiary of Vinacomin, was also fined VND70 million for violating information disclosure regulations.

Source: Dau Tu Tai Chinh – Translated by Thuy Doan

Other news