Securities Commission slaps penalties on several businesses

The State Securities Commission of Vietnam (SSC) has fined Mai Nguyen Han VND250 million for controlling share price of Tien Len Steel Group Joint Stock Company (TLH) from April 1 to June 21.

SSC also fined Vinacomin Machinery JSC VND70 million, Saigon Telecommunication & Technologies Corp VND60 million, Da Nang Rubber JSC (DRC) VND30 million, March 29 Textile Garment JSC VND20 million, and Nam Can Seafood Import Export JSC VND10 million for violating information disclosure regulations.

In October, SSC fined 9 violating cases with total penalty of VND1 billion.

Source: Dau Tu Tai Chinh – Translated by Thuy Doan

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