Wednesday, September 23, 2020 5:25:54 PM - Markets open
VN-INDEX 912.50 +6.31/+0.70%
HNX-INDEX 132.64 +0.45/+0.34%
UPCOM-INDEX 60.96 +0.30/+0.50%
Stock exchange delists 26 firms in first half of year
Vietnam News - 8/5/2015 11:20:42 AM
 (0 ratings. You must sign in to rate.)
The HCM Stock Exchange (HSX) and the Ha Noi Stock Exchange (HNX) delisted 26 companies, with 438 million shares, in the first six months of this year.

Twenty of these companies were delisted because they had suffered losses for at least three consecutive years recently and their losses had exceeded their capital.

Among these companies, Vitranschart JSC (VST) was delisted on May 8. VST suffered a loss of VND125 billion to VND223.65 billion (US$5.73-10.2 million) between 2012 and 2014. This year, the company has reported a loss of VND109 billion ($5 million) so far.

Huu Lien A Chau Corporation (HLA) was delisted from the HSX on February 12. Last year, the company posted losses of VND656.42 billion ($30 million), which exceeded its capital of VND344.6 billion ($15.8 million).

Recently, HLA posted losses of VND47 billion ($2.15 million) for the second quarter, raising its total losses since last year to VND916 billion ($42 million).

The rest of the delisted companies were voluntarily delisted or obligatorily delisted for delay in publishing their business results.

Three companies – Minh Phu Seafood Corporation JSC (MPC), Ngo Han Wire JSC (NHW) and Sai Gon Beer Transportation JSC (SBC) – were voluntarily delisted from the HSX.

MPC, with 70 million shares, worth VND7.7 trillion ($353.2 million), was delisted on March 31, while SBC was delisted on February 12 to help the firm adapt to the market conditions and comply with the restructuring policy.

Two of 26 firms, Viet An Fishery JSC (AVF) on HSX and Vinh Sinh Minerals and Mechanics JSC (MAX) on HNX, were delisted as they failed to report their business results on the market.

AVF was delisted on June 9 after the company was warned several times by the HSX over its delay in publishing its audit results for last year.

According to the company's report, AVF suffered a loss of VND892 billion ($4.1 million) last year, turning its charter capital last year to a negative VND368 billion ($1.7 million).

On the HNX, MAX was delisted at the end of June, following the company's negative business results since its listing in 2010. In 2013, MAX suffered a loss of VND10 billion ($458,715).

Most of delisted firms have been listed on the Unlisted Public Company Market (UPCOM) to ensure that the benefits of the shareholders are secure.

For instance, AVF was listed on UPCOM for a starting price of VND1,200 per share on June 18, just seven days after it was delisted from the HSX. VST was listed on the UPCOM by the HNX for VND1,700 per share on June 10.
Newer News
15/09 Realty, materials boost VN market
14/09 Varying forecasts for stock market, plenty of opportunities for investors
11/09 Shares struggle as large caps vary
09/09 Local ETFs draw foreign attention
07/09 Profit taking to weigh on local market, but September may be bright
07/09 Stock market makes smart recovery in August [Sửa | Xóa]
03/09 New circular helps perfect financial products and stock market: expert
31/08 Beer industry: market slowly recovers
27/08 Selling pressure weighs down market
27/08 Intraday trading, short selling soon available: draft circular
Older News
05/08 Losses continue to hit markets
04/08 Shares drop after TPP talks falter
03/08 TPP stall could impact VN export stocks
01/08 Blue chips undercut market again
31/07 Bond issuance raises concerns
31/07 Mid-cap shares buoy VN Index as blue chips slump
31/07 Financial shortfalls seen hitting 350 projects in city
30/07 Blue chips erase morning gains
29/07 VN-Index has heavy selloffs
28/07 Vietnam ranked top among world's biggest rising markets
 
Newsletter Signup
Top Stories
Reference exchange rate down 5 VND on September 15
Construction steel sales projected to recover in year-end months
HVN: Vietnam Airlines increases flights from/to Da Nang
Local ETFs draw foreign attention
Plastics industry shrugs off pandemic, interests stock investors
Market Update
Last updated at 3:10:10 PM
VN-INDEX 912.50 +6.31/+0.70%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.