The State Securities Commission imposed a fine of 125 million VND on Telecom Development Corporation (Telcom) due to violations in public information disclosure. Telcom advertised and solicited investments for private shares in violation of regulations. Specifically, the company published an invitation for investors to purchase its privately issued shares and announced an increase in charter capital on its electronic information portal. Besides the monetary fine, Telcom is also required to retract the violating information. On March 18, the stock price of TEL remained at 10,100 VND with no shares traded during the session.
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