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|Several company leaders have been fined for not reporting stock transactions on time|
The State Securities Commission (SSC) on April 26 issued a decision to impose a VND27.5 million ($1,195) fine on Nguyen Van Son, chairman of Bien Hoa Concrete JSC (code: BHC) for buying 259,465 BHC stocks, only half of the 500,000 stocks he had registered to buy in last September.
Previously, the SSC also fined Van Duc Tong, member of PV Drilling JSC’s (code: PVD) management board for VND20 million ($870) for selling 20,000 PVD stocks on last October 4-5 without reporting to the SSC and the HSX.
In addition, Bui Thi Thu Ha, a major shareholder of Lilama 69-1 JSC (code: L61), on April 24 was fined for VND30 million ($1,304) for not reporting changing stock ownership rates. Specifically, on last August 2, Ha bought 20,000 L61 stocks, increasing her ownership from 980,969 to 1,000,869 (from 12 to 13.21 per cent).
Pham Thi Tuyet Mai, a shareholder of Development Investment Construction Hoi An JSC (code: DIH), was fined for VND31.25 million ($1,358) for a similar violation after raising her ownership by 5 per cent.
Accordingly, on last July 18, Mai bought 446,000 DIH stocks, increasing her ownership to 17.04 per cent.