SCL: Document on requiring for the explanation for reasons causing the situation of delisting

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SCL: Document on requiring for the explanation for reasons causing the situation of delisting

HNX - 3/31/2020 11:22:00 AM

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On 19/3/2020, Hanoi Stock Exchange received the financial statements 2019 of Song Da Cao Cuong JSC (Stock code: SCL), audited by Vietnam Auditing and Evaluation Co., Ltd. by 10/3/2020.
After the consideration, Hanoi Stock Exchange realized that the after-tax profit Song Da Cao Cuong JSC was negative in three years (2017, 2018, 2019). Thus, the stock of SCL belongs to the delisting case regulated at to point đ, clause 01, article 60, Decree No. 58/ 2012. ND – CP dated 20 Jul 2012 of the Government regulated the details and guidelines for enforcement of some articles at the Securities Law and Law on adjustment, supplement for some articles of Securities Law.
Hanoi Stock Exchange required the Company to explaining the reasons causing the situation of delisting and solution for this issue according to the regulations at clause 02, article 10, Circular No. 202/ 2015/ TT – BTC dated 18 Dec 2015 on guidelines for securities listing and Circular No. 29/ 2017/ TT – BTC dated 12 Apr 2017 on adjustment and supplement for the Circular No. 202/ 2015/ TT – BTC and clause 02, article 17, Decision No. 639/QD - SGDHN dated 13 Oct 2016 on Listing Regulation and Decision No. 958/ QD – SGDHN dated 24 Nov 2017 by the Chief Executive Officer of Hanoi Stock Exchange on adjustment and supplement for the Listing Regulation.
Explanation and information disclosure must be sent to the Department of listing management, Hanoi Stock Exchange, No 02 Phan Chu Trinh, Hoan Kiem, Hanoi, slowest by 25 Mar 2020.

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