Violating information disclosure, Ben Tre Pharmaceutical was fined 125 million VND

Recently, Ben Tre Pharmaceutical Joint Stock Company (HoSE: DBT) headquartered at 6A3, National Highway 60, Tan Phu Ward, Ben Tre City, Ben Tre Province announced that it had received a decision to sanction administrative violations in the field of securities and the securities market from the State Securities Commission.

Accordingly, this company must pay a fine of VND 125 million according to the provisions of Point h, Clause 3, Article 33 of Decree 156/2020/ND-CP dated December 31, 2020 of the Government on regulations on administrative sanctions for violations in the field of securities and the securities market.

Specifically, DBT - an organization related to Mr. Pham Thu Trieu, a member of the Board of Directors of Codupha Central Pharmaceutical Joint Stock Company, registered to sell 4,226,950 CDP shares (equivalent to VND 42.3 billion in par value) in the period from February 8, 2023 to March 9, 2023 (actually matched 0 CDP shares) but did not report or disclose information on the transaction results.

Ben Tre Pharmaceutical Joint Stock Company (DBT), formerly Ben Tre Pharmaceutical Joint Stock Company, was established in 1983 on the basis of merging two enterprises: Ben Tre Pharmaceutical Company and Ben Tre Pharmaceutical Enterprise.

DBT changed its operation form to a Joint Stock Company in 2004. The company's main business is the production and import-export of medicines.

Regarding the financial picture, in the second quarter of 2023, Ben Tre Pharmaceutical recorded net revenue of VND 202 billion, an increase of 16.8% over the same period in 2022. Cost of goods sold was VND 126 billion, a slight increase of 2.7% over the same period in 2022.

In particular, the company reported a loss after tax in the second quarter of 2023 of VND 1.5 billion, down VND 26.5 billion compared to the same period in 2022. The reason for the profit difference is due to the change in the method of recording the investment in Codupa Central Pharmaceutical Joint Stock Company from the equity method to the cost method; Consolidated profit comes only from the company's own business activities, without generating other income .

Thu Huong

Source: https://www.nguoiduatin.vn/vi-pham-cong-bo-thong-tin-duoc-ben-tre-bi-phat-125-trieu-dong-a622865.html