Yeah1 Group Joint Stock Company (Yeah1, HOSE: YEG) has just sent an official dispatch to the State Securities Commission and the Ho Chi Minh City Stock Exchange (HoSE) explaining why its shares have increased to the ceiling for 5 consecutive sessions.
Accordingly, Yeah1 said it was due to the objective supply and demand of the stock market. The stock trading price is determined by the market and is beyond the company's control.
The company's business activities are still taking place normally, according to the set plan and there are no unusual fluctuations in the company's operations.
In recent times, the company has actively restructured its operations, optimized its management and operations, and focused on developing its core business segments.
"The company commits to not having any impact on the trading price of YEG shares on the stock market" - Yeah1 affirmed.
On the stock market, in the trading session on December 25, YEG shares continued to increase to the ceiling price of 23,200 VND/share with the matched volume at 14:02 reaching 2.4 million units. Up to now, YEG shares have doubled this month.
Previously, HoSE sent a document to Yeah1 Group, requesting an explanation because this company's stock increased to the ceiling for 5 consecutive sessions.
HoSE said that through transaction monitoring, this agency found that from December 17 to December 23, YEG shares increased to the ceiling for 5 consecutive sessions, which is a case that must be explained according to the provisions of Circular 96 of the Ministry of Finance.
Accordingly, public companies must disclose unusual information within 24 hours when their stocks hit the ceiling or floor for five consecutive sessions. Companies must disclose information that may affect stock price fluctuations, if any.
