The Inspectorate of the State Securities Commission (SSC) has just issued a decision on sanctioning administrative violations in the field of securities and the stock market against Mr. Pham Khanh Phuong (singer Khanh Phuong).
According to the content of the decision, a fine of 100 million VND was imposed for the act of not reporting on the expected transaction.
On June 16, 2023, Mr. Pham Khanh Phuong - Member of the Board of Directors of Song Da 1.01 Joint Stock Company (stock code: SJC) - sold 901,520 SJC shares (equivalent to 9.0152 billion VND at par value) but did not report on the expected transaction). The sanctioning decision takes effect from January 27.
On the same day, a decision on sanctioning administrative violations in the field of securities and the stock market for Nam Nhat Khang Investment Joint Stock Company, related to Mr. Pham Khanh Phuong, was also issued.
Nam Nhat Khang Investment Joint Stock Company was fined 250 million VND for the act of not registering for public purchase according to legal regulations.
Nam Nhat Khang Investment Joint Stock Company (large shareholder of Song Da 1.01 Joint Stock Company (stock code SJC) carried out a transaction to buy 881,600 SJC shares on March 31, 2023, increasing the holding ratio of the same related person (Mr. Nguyen Van Duc and Mr. Pham Khanh Phuong) from 1,822,396 shares (26.28%) 2,703,996 shares (39%) but did not register for a public tender offer to the State Securities Commission.
