Ho Chi Minh City Stock Exchange (HOSE) has just sent an official dispatch to Apax Holdings Joint Stock Company regarding the mandatory delisting of IBC shares of this enterprise.

Apax Holdings' IBC shares are about to be compulsorily delisted

Accordingly, HOSE said that IBC shares of Apax Holdings Investment Joint Stock Company are currently under 3 monitoring for violations as follows:

The first is suspension of trading due to continued violations of information disclosure regulations on the stock market after being placed on restricted trading.

The second is the control area due to the delay in submitting the audited financial report for the 2023 semi-annual period by more than 30 days compared to the prescribed deadline.

The third is the warning level because the listed organization has not held the Annual General Meeting of Shareholders for more than 06 months from the end of the fiscal year.

Ho Chi Minh City Stock Exchange said that, up to now, Apax Holdings has not announced the audited financial statements for 2022, the first and second quarter financial statements for 2023, the semi-annual audited financial statements for 2023, the corporate governance report for the first 6 months of 2023 and has not organized the 2023 Annual General Meeting of Shareholders.

Since the time of suspension of trading, the Company's information disclosure violations have not been remedied and are likely to continue to occur and persist, seriously violating the information disclosure obligation and affecting the rights of shareholders.

Therefore, based on the provisions of Decree 155/2020/ND-CP and based on the opinions of the State Securities Commission and the Vietnam Stock Exchange; Ho Chi Minh City Stock Exchange announces that it will carry out mandatory delisting of Apax Holdings' IBC shares according to the above provisions.