On December 31, Vietnam National Oil and Gas Group (PV GAS) reported having 17,495 shareholders, with one major shareholder holding 95.76% of shares, which means PV GAS does not meet the requirements to be classified as a public company according to the Securities Law.
PV GAS is currently working with its major shareholder, PVN, and reporting to authorities for appropriate measures. On the same day, PV GAS also faced administrative fines related to tax violations, with amounts due and fines totaling tens of billions of VND due to discrepancies in understanding regulations and revenue recognition.
The solution involves reviewing accounting documents and standards to ensure proper bookkeeping. Meanwhile, PV GAS’s stock has surged to the ceiling price of 77,400 VND/share, with a market capitalization nearing 187 trillion VND.
Leave a Reply