Everland Group JSC was fined, faced enforcement for multiple violations
Everland Group Joint Stock Company (EVG) was fined VND 667.5 billion for numerous securities violations. The company failed to report and disclose capital usage from its 2021 stock offering. EVG also published incomplete and inaccurate information in financial and governance reports. Additionally, the company engaged in unapproved related-party transactions and misused offering capital. EVG must correct information, disclose audited capital usage, and seek shareholder approval for capital use plan changes.
Everland Group Joint Stock Company (EVG) was fined VND 667.5 billion for numerous securities violations. The company failed to report and disclose capital usage from its 2021 stock offering. EVG also published incomplete and inaccurate information in financial and governance reports. Additionally, the company engaged in unapproved related-party transactions and misused offering capital. EVG must correct information, disclose audited capital usage, and seek shareholder approval for capital use plan changes.
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