HDAC

HDAC, Xuan Thien Group, was fined VND 85 million by the State Securities Commission for failing to disclose bond-related documents to HNX for 2022. The penalty highlights ongoing regulatory scrutiny on corporate disclosure, though the bonds are no longer outstanding. The group reported a net loss of VND 107 billion in 2023.

Xuan Thien Group (HDAC) was fined VND 85 million by the State Securities Commission for failing to disclose bond use and commitments for 2022. The company reported a net loss of nearly VND 107 billion in 2023, a sharp reversal from a VND 22 billion profit in 2022. The fine adds to governance concerns for the conglomerate with interests in energy, construction materials, and agriculture.