Mai Linh told to issue true financials

Mai Linh Trade Joint Stock Corp will not be permitted to issue bonus shares under a decision of the State Securities Commission (SSC) due to the refusal by the firm’s auditor, DTL Auditing Co, to give opinions about Mai Linh’s 2007 financial statements.

Mai Linh posted losses from 2005-07 but announced profits, causing confusion to investors, and the commission has asked the firm to disclose its true financial statements.