ITA

Infrastructure delays plague Da Nang bridges worth hundreds of billions VND, with incomplete approach roads causing public frustration despite project completion.

Tan Tao Investment & Industry Corporation (ITA) faces mandatory delisting from the Ho Chi Minh City Stock Exchange on February 4, 2025, following serious violations of information disclosure obligations. The company failed to publish audited 2023 financial statements, its 2023 annual report, and reviewed 2024 semi-annual financials, despite multiple postponement requests that regulators rejected due to insufficient documentation.

ITA faces mandatory delisting procedures from HoSE after failing to remedy multiple disclosure violations, including unaudited 2023 financial statements and delayed 2024 semi-annual reports. The stock has been suspended since September 2024, with the exchange citing prolonged non-compliance that harms shareholder interests.

Tan Tao Investment & Industrial JSC (ITA) owes nearly VND 127 billion in tax arrears, ranking as the top debtor in Binh Tan district, while its stock faces suspension on the Ho Chi Minh City Stock Exchange (HoSE) due to repeated delays in filing audited financial reports. The company cites auditor refusals and legacy legal issues as primary obstacles, compounding operational challenges in its industrial real estate business.

ITA shares were suspended from trading on the Ho Chi Minh City Stock Exchange (HoSE) after the company failed to publish audited 2023 financial reports, citing refusal from 30 audit firms. This regulatory action follows repeated delays and a prior trading restriction, highlighting severe governance and compliance issues that could impact investor confidence and liquidity.