Multiple businesses forced to delist on HoSE

Your browser does not support the audio element. Bà Rịa-Vũng Tàu Province Construction and Urban Development Joint Stock Company (UDC) was asked to delist  三 五 million shares of UDC. 

 

Multiple businesses have been forced to delist on HoSE. Photo courtesy of the HoSE

HÀ NỘI — The HCM Stock Exchange (HoSE) has sent a document to a series of businesses requesting they delist their shares on the HoSE due to having suffered losses for three consecutive years.

Bà Rịa-Vũng Tàu Province Construction and Urban Development Joint Stock Company (UDC) was asked to delist  三 五 million shares of UDC. 

The reason was that its after-tax profit in  二0 二0 was nearly negative VNĐ 一0 billion; after-tax profit in  二0 二 一 was more than negative VNĐ 二 三 billion; after-tax profit in  二0 二 二 reached negative VNĐ 四0 billion.

With losses for three consecutive years, UDC shares fell into the case of mandatory delisting according to the provisions of Decree  一 五 五/ 二0 二0/NĐ-CP dated December  三 一,  二0 二0.

SII shares of Saigon Water Infrastructure JSC were also delisted on HoSE.

In  二0 二0, SII's after-tax profit was negative more than VNĐ 一0 四 billion; the figure for  二0 二 一 was negative VNĐ 七 三 billion. In  二0 二 二, SII recorded a negative profit after tax of VNĐ 八 九 billion.

In addition, HoSE has also announced the mandatory delisting of HU 三 shares of HUD 三 Investment and Construction Joint Stock Company,  MCG of Energy and Real Estate JSC; HOT code of Hội An Tourism - Service JSC and HAI of HAI Agropharmaceuticals, a stock under FLC Group.

On April  三,  二0 二 三, HoSE sent a written reminder to HAI about the delay in disclosing the  二0 二 二 audited financial statements, however, the company has not yet disclosed the information. VNS

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