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Hoa Binh Construction continues to be warned for late submission of financial statements

Ho Chi Minh City Stock Exchange recently sent an official letter to remind Hoa Binh Construction Group Joint Stock Company (HoSE: HBC) about the late submission of financial statements for the fourth quarter of 2022.

The official dispatch said that on January 31, 2023, HoSE issued Official Letter No. 90 reminding the company about the delay in announcing the financial statements of the fourth quarter of 2022 (individual and consolidated), but up to now, HoSE share has not received Hoa Binh’s financial statements for the fourth quarter of 2022.

To ensure adequate information to investors, HoSE reminds businesses a second time and requests Hoa Binh to promptly disclose information in accordance with regulations.

Earlier on January 19, Hoa Binh sent an official dispatch to the State Securities Commission and HoSE to ask for a delay in submitting the financial statements of the fourth quarter of 2022.

The reason given by the company is that the Lunar New Year holiday will last from January 21, 2023 to January 29, 2023, while the company’s specificity has many long projects throughout the country and professional activities. accountants in the fourth quarter of 2022 need to review the data for the whole year of 2022, and have to consolidate the financial statement data of subsidiaries/affiliated companies, so it takes a long time to summarize.

In addition, due to the adverse effects on the entire production and business activities of the company from unusual fluctuations in senior personnel, the company faced many difficulties in completing financial statements and timely disclosure of information.

Because of the above, the company would like to extend the publication of the financial statements for the fourth quarter of 2022 until February 10, 2023 at the latest, but until now (February 9, 2023), the company still No new action has been taken in this regard.

Business profile - Hoa Binh Construction continues to be reminded for late submission of financial statements

HoSE’s 2nd reminder text.

Not only Hoa Binh, before approaching the deadline to submit the financial statements of the fourth quarter of 2022, HoSE sent the first reminder letter to a series of enterprises including Vietnam Electricity Construction (VNE), FLC Group (FLC); Vinh Hoan Fisheries (VHC), An Pha Petroleum Group (ASP); East Asia Plastics (DAG); Apax Holdings (IBC); Petrolimex Gas Corporation (PGC); Sao Thai Duong Investment (SJF) and Vietnam Electricity Development (VPD) on fulfilling the obligation to disclose financial statements.

Up to now, most of the companies listed in the first reminder list have submitted their financial statements in full, except for 3 companies: Hoa Binh Construction, Vietnam Electricity Construction and Apax Holdings, causing HoSE to continue to send the second dispatch..

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