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HVG: HVG still under the special supervision
HOSE - 1/21/2019 3:23:00 PM
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According to Decision No.21/QD-SGDHCM dated January 19, 2018 by the Hochiminh Stock Exchange to put the stock HVG of Hung Vuong Corporation into supervision status because the profit after tax of parent company’s shareholders in 2016 & 2017 was 49.3 billion dongs and -712.96 billion dongs.  

      According to the 2018 audited consolidated financial statements of HVG, the profit after tax of the parent company’s shareholders 2018 was 1.5 billion dongs. Accumulated loss until 2018/09/30 was -423 billion dongs. However, the company started to earn profits from other incomes but the company still saw net loss from business activities of -16.5 billion dongs and the company has unpaid loans.

        On May 28, 2018, According to Decision No.188/QD-SGDHCM by the Hochiminh Stock Exchange to put the stock HVG of Hung Vuong Corporation into the special supervision because the company continues to violate information disclosure.

       Therefore, HOSE will continue to remain the special supervision status for the stock HVG and will consider solutions for the stock HVG after having the 2019 audited semi-annual financial statements.

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