MCG: MCG still in the supervision status

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MCG: MCG still in the supervision status

HSX - 4/20/2020 1:45:00 PM

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On November 09, 2018, the Hochiminh Stock Exchange (HOSE) issued Decision No.454/QD-SGDHCM to put the stock MCG of Vietnam Mechanization Electrification & Construction Joint Stock Company under the supervision status as from November 16, 2018.

On April 01, 2020, HOSE received the 2019 audited consolidated financial statements from Vietnam Mechanization Electrification & Construction Joint Stock Company. Accordingly, the profit after tax of parent company was 11.35 billion dongs and the undistributed after-tax profit at December 31, 2019 was -316.62 billion dongs. The audit company continued giving a qualified opinion about receivables and payables at December 31, 2019.

Therefore, HOSE decided to remain the supervision status for MCG and will consider solutions for MCG after having the 2020 semi-annual reviewed consolidated financial statements.

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