The Investment and Industrial Tan Tao Joint Stock Company (ITA) has submitted a request to cancel the trading suspension case at HNX starting May 29, 2025. Earlier, HoSE forced the delisting of over 938 million ITA shares due to struggles with information disclosure. The company explains that the inability to publish audited financial reports is due to the suspension of the auditors’ qualifications, complicating their search for new auditing firms. ITA insists they announced the court’s bankruptcy decision in March 2023 and did not violate disclosure regulations. They emphasize severe business impacts such as being denied loans by banks and investors withdrawing. ITA urges HNX to reconsider the bans on trading and states that if unresolved, UBCKNN and HNX will be responsible for resulting damages.
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