TAS: Explains Temporary Insolvency to VSD

Some investors have recently not paid money to the company after buying shares at the floor prices due to the deep slowdown of the market, meanwhile financial institutions refused to provide cash advance for customers, resulting in TAS’s temporary insolvency to VSD worth VND7 billion after lending from Payment Support Fund.

However, this situation will not affect to transactions of investors at the company, TAS confirmed, adding that it returned VND2.2 billion to VSD and making its efforts to return VND4.8 billion of the rest as well as take solutions to the violating investors.