APG Securities divested all capital at AngimexMonday, September 25,2023
AsemconnectVietnam - On September 13, APG Securities Joint Stock Company (code APG) sold nearly 1.5 million AGM shares of An Giang Import-Export Joint Stock Company (Angimex) to reduce its ownership from 8.17%, down to 0% of charter capital.
After the transaction, APG Securities is officially no longer a shareholder at Angimex.
APG's move to divest capital took place before AGM shares were suspended from trading. Specifically, the Ho Chi Minh City Stock Exchange (HOSE) has decided to change AGM shares from restricted to suspended trading from September 18, 2023. The reason is because AGM continues to violate information disclosure regulations and has not published its 2023 semi-annual financial statements.
In addition, AGM shares are also under warning due to accumulated losses as of December 31, 2022 on the 2022 audited consolidated financial statements of nearly VND71 billion.
Explanation of the suspension of trading of shares by AGM due to the change of auditing unit from July 5, 2023 according to the resolution of the General Meeting of Shareholders to overcome the delay in submitting 2022 financial statements, the company and the audit unit have put all their efforts into completing the 2022 audited financial report, leading to a lack of resources to complete the 2023 semi-annual reviewed financial report.
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