Kido, one of Vietnam’s biggest food processing firms, has been fined for three breaches of Ho Chi Minh Stock Exchange disclosure rules, The Investor is reporting. Breaches and accompanying fines include:
- For the non-disclosure or late disclosure of information Kido was fined US$4,830;
- For not submitting to the Hanoi Stock Exchange (HNX) reports on the use of capital raised from bond issuance Kido was fined US$3,800; and
- For failing to clearly display remuneration packages of board member and the salaries of C-level executives Kido was fined US$1,030.
As of November 13, foreign traders held 18.86 percent of Kido stocks.