On July 2, 2026, the State Securities Inspectorate issued Decision No. 374/QD-XPHC sanctioning administrative violations against Gelex Group Joint Stock Company in the field of securities and the stock market.
According to the decision, Gelex was fined 175 million VND for the act of disclosing false information.
Specifically, the enterprise has announced reports on the situation of capital use from bond issuance in 2020; semi-annual and full-year reports of 2021, 2022, 2023, 2024; and semi-annual reports for 2025.
Through inspection, functional agencies determined that some expenditure contents from the source of privately issued corporate bonds of some bond codes announced by Gelex were not consistent with reality.
The above act is sanctioned according to the provisions of Article 42 of Decree No. 156/2020/ND-CP of the Government on sanctioning administrative violations in the field of securities and the stock market, which has been amended and supplemented in Decree No. 128/2021/ND-CP.
In addition to the form of fines, the State Securities Inspectorate forced Gelex to cancel information or correct incorrectly announced contents.
The sanctioning decision takes effect from July 2, 2026.
Gelex Group Joint Stock Company has its headquarters at 10 Tran Nguyen Han and 27-29 Ly Thai To street, Hoan Kiem ward, Hanoi city.
