F88 Investment JSC fined for incorrect information disclosure

F88 Investment JSC has been issued an administrative fine of 150 million VND by the State Securities Commission of Vietnam for disclosing incorrect information. The violation pertains to the company's prospectus published on July 8, 2026, on the Hanoi Stock Exchange and the State Securities Commission's information system.

The error involved the reported board memberships of Mr. Nguyen Xuan Giao. While the prospectus stated he held board positions at seven other companies, subsequent official documents clarified he only holds positions at five other companies. In addition to the fine, F88 is required to issue a formal correction of the information.

Regarding its financial performance, F88 reported consolidated revenue of nearly 1,277 billion VND for the third quarter of 2026. This includes approximately 1,062 billion VND from pawnshop services and related activities, and over 212 billion VND from insurance agency services. Net profit from business activities rose from over 156 billion VND to over 250 billion VND during this period.