Late transaction reporting, two investors were fined more than 70 million

On March 15, the State Securities Commission (SSC) said that it had just issued an administrative sanction decision, totaling VND 72.5 million, for two individual investors for the following violations: failure to report report on the proposed transaction; not reporting on time the results of the transaction.

Accordingly, on March 11, the State Securities Commission issued Decision No. 128/QD-XPVPHC administratively sanctioning Ms. Nguyen Thi Mai Xuan (address in Tinh Phong commune, Son Tinh district, Quang Ngai province), the amount of 45 million dong for not reporting the expected transaction.

On July 20, 2020, Ms. Nguyen Thi Mai Xuan - a related person of Nguyen Thi Thu Dung, member of the Board of Directors of Quang Ngai Urban Environment Joint Stock Company (MCK: MQN) placed an order to buy 485,527 shares of MQN according to the picture. agreement but did not report to the State Securities Commission and the Hanoi Stock Exchange about the expected transaction.

* Previously, on March 9, the State Securities Commission of Vietnam issued Decision No. 28/QD-XPVPHC administratively sanctioning Mr. Do Chi Cong (address at B19-01 C/C 33 Truong Cong Dinh, Ward 14, Tan District). Binh, Ho Chi Minh City), the amount of VND 27.5 million for not reporting on time the results of the transaction.

Mr. Do Chi Cong - member of the Supervisory Board of Soc Trang Water Supply Joint Stock Company (MCK: STW) registered to sell 1,216,613 STW shares from June 17, 2020 to July 10, 2020 and made the transaction to sell. 1,216,613 STW shares from June 23, 2020 to July 7, 2020. On July 15, 2020, the Hanoi Stock Exchange received a report of Mr. Cong's trading results.