Lao Securities Exchange (LSX) has announced that the stocking trading of Phousy Construction and Development Public Company (PCD) has been suspended due to the failure of disclosure.
In particular, PCD failed to disclose a semi-annual report for 2018, annual report for 2018 and semi-annual report for 2019, according to a statement by LSX.
“LSX shall suspend stock trading of PCD starting from October 23, 2019, until such reports have been solved,” said the bourse.
In August, LSX designated PCD as an “Unfaithful Disclosure” Corporation, after the company failed to disclose its semi-annual and annual 2018 reports via LSX disclosure portal.
Since then, the “Unfaithful Disclosure” warning signal has been displayed on the symbol of PCD on the LSX trading system and website.
Apart from PCD, there are currently a total of nine listed companies on the LSX: Banque Pour Le Commerce Exterieur Lao Public (BCEL), EDL Generation Public Company (EDL-Gen), Lao World Public Company (LWPC), Petroleum Trading Lao Public Company (PTL), Souvanny Home Center Public Company (SVN), Lao Cement Public Company (LCC), Mahathuen Leasing Public Company (MHTL), Lao Agrotech Public Company (LAT) and Vientiane Center Lao Public Company (VCL).