The Inspectorate of the State Securities Commission has just issued Decision No. 187/QD-XPHC sanctioning administrative violations against Nha Trang Seafoods Joint Stock Company - F17 (headquartered at 2/4 street, Bac Nha Trang ward, Khanh Hoa province).
According to the decision, this enterprise was fined a total of 152.5 million VND for many violations related to the obligation to report and disclose information.
The company was fined 92.5 million VND for failing to report or reporting on time for a series of documents as prescribed.
Violations include not reporting quarterly financial statements in 2019, 2021; slow disclosure of audited financial statements in 2019, 2020; annual reports, and many resolutions of the Board of Directors related to investment and capital transfer activities.
The enterprise was also fined 60 million VND for disclosing incomplete information. Specifically, in the 2021 financial statements, the company had transactions with related parties who were internal employees, but did not present these transactions in the corporate governance situation report of the same year.
The above acts violate the provisions of Decree No. 156/2020/ND-CP of the Government on sanctioning administrative violations in the field of securities and the stock market.
