Many individuals were sanctioned for securities trading violations

The State Securities Commission issued a decision to sanction administrative violations against Mr. Nguyen Van Hau and Mr. Dao Minh Tuan.
The State Securities Commission (SSC) issued Decision No. 381/QD-XPVPHC and the Inspectorate of the State Securities Commission issued Decision No. 123/QD-XPVPHC on sanctioning administrative violations against Mr. : Residential Group 4, Hoa Mac Ward, Duy Tien Town, Ha Nam Province) and Mr. Dao Minh Tuan (Address: C3 – TTVHQY, Phuc La Ward, Ha Dong District, Hanoi City), specifically as follows:

For Mr. Nguyen Van Hau: A fine of 70,000,000 VND (Seventy million VND) as prescribed in Clause 3 Article 5, Point dd Clause 2 and Clause 5 Article 33 of Decree No. 156/2020/ND-CP dated 31/03 12/2020 of the Government on sanctioning of administrative violations in the field of securities and securities market. Because there has been an administrative violation: Not disclosing information about the expected transaction (January 25, 2021, Mr. Nguyen Van Hau is a person related to Mr. Nguyen Van Hung – Member of the Board of Directors of Hanoi Southern Urban and Housing Development Investment Corporation (stock code: NHA) sold 205,000 NHA shares (equivalent to VND 2,050,000,000 par value of NHA shares) but did not disclose information about the expected deal). For Mr. Dao Minh Tuan: A fine of VND 25,000,000 (Twenty-five million VND) as prescribed in Clause 3, Article 5, Point a, Clause 4, Article 33 of Decree No. 156/2020/ND-CP dated December 31st/ 2020 of the Government stipulating the sanctioning of administrative violations in the field of securities and the securities market. Because there was an administrative violation: Disclosure of information on time when owning 5% or more of the voting shares of a public company (December 15, 2020, Mr. Tuan bought 829,946 shares of Saigon General Services Joint Stock Company (stock code: SVC) and became a major shareholder of Saigon General Services Joint Stock Company. Ho Chi Minh City Stock Exchange has just received the report of becoming a major shareholder of Mr. Dao Minh Tuan.