On May 13, 2020, the Hochiminh Stock Exchange received a document from Ocean Group Joint Stock Company (OGC) regarding the disclosure and explanation for the reappointment of CEO.

However, pursuant to Point c, Clause 5, Article 2 and Point n, Clause 1, Article 9 and Article 12 of Circular 155/2015/TT-BTC, a listed firm must make an extraordinary disclosure of information within twenty four (24) hours of the occurrence of one of the following events: “The company changes, newly appoints, re-appoints or dismisses an insider.”. Therefore, the Company was late in the disclosure of reappointment of CEO.

The Hochiminh Stock Exchange reminded and suggested Ocean Group Joint Stock Company comply with the regulations on disclosure of information on the securities market in order to ensure shareholders’ interests.