STL

STL was fined VND 92.5 million for repeated information disclosure violations, with the Usilk City project case transferred to police. The company faces serious financial and legal issues, including a government audit revealing misuse of funds and land violations.

STL, along with Hudeco and Song Hau Food Processing, was fined VND 92.5 million by the State Securities Commission for repeatedly delaying disclosure of financial statements and AGM documents over multiple years. The penalty underscores ongoing compliance risks for smaller listed firms on UPCOM.

STL, the developer of Usilk City, was fined VND 92.5 million by the State Securities Commission for repeatedly failing to disclose corporate governance reports and audited financial statements from 2022 to 2025. The penalty highlights ongoing transparency issues at the firm, which is also under scrutiny for irregularities at its flagship project.