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KIDO Group fined for info disclosure violations

The Saigon Times

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HCMC – The State Securities Commission of Vietnam has imposed fines totaling VND117.5 million on KIDO Group (stock code: KDC) for violations of information disclosure rules.

The company was fined VND92.5 million for not disclosing corporate bond information as required. In addition, it was fined VND25 million for showing no transparency regarding the salaries of the BOD members, the CEO and other managers in the company’s annual financial statement and the annual general meeting reports.

Closing the trading session today, November 10, KDC moved sideways at VND63,000 per share, with 896,000 shares transacted.

On the Hochiminh Stock Exchange, the selling pressure, primarily on the blue-chip stocks, drove down the benchmark VN-Index by 12.21 points, or 1.1%, day-on-day, to 1,101.68 points.

The market saw decliners outnumbering advancers by 417 to 148. Total trading volume exceeded 1.03 billion shares, with a value of VND20.7 trillion, down 5.56% in value compared to the previous session. Block deals contributed over VND1.9 trillion to the overall value, with 87.4 million shares changing hands.

In the VN30 basket, only three stocks manage to stay in positive territory. Notably, POW increased 1.3% to VND11,700, with 12.13 million shares traded.

VCB fell a further 2.16% to VND86,000 per share, deducting nearly 2.6 points from the overall index.

Securities stock VIX took the lead by liquidity, with over 56.22 million shares traded. At the close of the trading session, it inched up 1% to VND15,750 per share.

On the Hanoi Stock Exchange, with 54 winners and 104 losers, the HNX-Index lost 1.57 points, or 0.69%, to 226.65 points. The total trading volume reached 124.35 million shares worth nearly VND2.3 trillion.

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