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ITA remains on HOSE’s warning list

The Saigon Times

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HCMC – The Hochiminh Stock Exchange (HOSE) has announced it would keep the ITA stock of Tan Tao Investment and Industry Corporation (ITACO) on its warning list.

Last August, the bourse warned ITACO of its failure to disclose information as regulated. However, the firm has yet to tackle the issue over the past six months.

On February 7, ITACO announced its divestment from its two affiliated companies, namely Tan Tao Energy Development Corp (TEDC) and Tan Tao Urban Development and Investment Corporation (Tan Tao City Corp).

The announcement came several months after ITACO sold all its stakes in Tan Tao City Corp. last July and TEDC last December.

Meanwhile, Circular 96, issued in 2020 by the Ministry of Finance, requires public companies to disclose information within 24 hours after they sell stakes in a subsidiary or an affiliated company.

Tan Tao City Corp, established in 2001 and headquartered in Binh Tan District in HCMC, specializes in house trading.

ITACO held a 38.46% stake in Tan Tao City Corp before divestment.

Closing the trading session today, March 2, ITA lost 0.49% over the previous session to VND4,040.

On the HCMC exchange, the VN-Index edged down 2.94 points, or 0.28%, from the session earlier, at 1,037.61, with 156 winners and 235 losers.

Around 373.1 million shares worth over VND6.3 trillion changed hands, down 28% in volume and 23% in value, against the previous session. Over 49.7 million shares traded in block deals contributed about VND1.2 trillion to the amount.

POW took the lead by liquidity on the southern exchange today, with over 22.7 million shares changing hands, followed by HPG with 12 million shares.

The HNX-Index of the Hanoi Stock Exchange slid 0.68 point, or 0.33%, from the previous session, at 206.14, with 72 advancers and 82 decliners.

There were over 38.5 million shares worth VND550.2 billion traded on the northern bourse, with 1.55 million shares valued at VND44.8 billion transacted in put-through deals.

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