On July 01, 2020, the Hochiminh Stock Exchange received an announcement of branch establishment (technical service center) dated June 22, 2020 from PetroVietnam Power Corporation. However, pursuant to Point h, Provision 1, Article 9 of Circular 155/2015/TT-BTC, : “A public company must make an extraordinary disclosure of information within twenty four (24) hours of the occurrence of one of the following events: (h) There is a decision on participation in capital contribution for establishment or purchase to increase ownership in a company causing it to become a subsidiary company, joint venture company or affiliated company; or sale to reduce ownership in a subsidiary company, joint venture company or affiliated company causing it to be no longer the subsidiary company, joint venture company or affiliated company; or dissolution of a subsidiary company, joint venture company or affiliated company; or closure or opening of a branch, plant or representative office;”, PetroVietnam Power Corporation was late in information disclosure.

Therefore, the Hochiminh Stock Exchange reminded and suggested PetroVietnam Power Corporation comply with the regulations on disclosure of information on the securities market in order to ensure shareholders’ interests.