Danang Plastics Company Limited is subject to administrative sanctions



Artwork.
Artwork.

On August 24, 1818, the State Security Commission published a notice in which administrative violations in the securities and securities market were penalized for one member with limited liability plastic chemical company Da Nang, reported wrong time when no longer a major shareholder.

On 22/8/2018, the Inspection Service of the State Security Commission issued Decree No 210 / QD-XPVPHC against sanctions against administrative violations of Da Nang plastic chemical a member limited company Address: No. 7, Hoa Khanh Industrial Zone, Lien Chieu District, Da Nang City, as follows:

A fine of VND 50,000,000 (fifty million dong) according to the stipulations in Point a, Clause 5, Article 27 of Government Decree no. 108/2013 / ND-CP of September 23, 2013, in which the sanctioning of administrative violations in the domain is established Securities and securities market (Decree No. 108/2013 / ND-CP) is amended and supplemented in clause 35, Article 1 of Government Decision 145/2016 / ND-CP of 1 November, Amendment and addition of a number of articles of decree no. 108/2013 / ND-CP.

Administrative offense committed: incorrectly reported as no longer a major shareholder (On 01/8/2017, Danang Chemistry One Member Limited Liability Company – Account holder number 045C306848 opened at Petrovietnam Securities Joint Stock Company (SSC), sold 586,900 shares of Quang Nam Mineral Industry JSC (MIC), resulting in a decrease in the number of shares after the transaction 0 shares corresponding to ownership after the transaction fell from 10.64% to 0% and were no longer a major shareholder, however, at 15/8 / 2017, the new Hanoi Stock Exchange Reported ownership of the company).


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