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CLG: CLG to be put into supervision status
HOSE - 5/7/2020 4:55:00 PM
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On May 05, 2020, the Hochiminh Stock Exchange issued Decision No.230/QD-SGDHCM to put the shares of Cotec Investment and Land-house Development Joint Stock Company (stock code: CLG) into supervision status as of May 12, 2020.

Reason: The profit after tax of shareholders of parent company in 2019 was -208.37 billion dongs, the undistributed profit after tax at December 31, 2019 was -201.13 billion dongs, based on the 2019 audited consolidated financial statements. Besides, the audit company gave a qualified opinion and emphasis of matter, doubtful about the ability of continuous operations of the Company. This is the case of supervised securities according to Item b and Item e, Point 1.1, Article 23 of the Listing Regulations on the Hochiminh Stock Exchange attached to Decision No.85/QD-SGDHCM dated March 19, 2018.

The trading time for CLG shares will be limited (traded only in the afternoon sessions and under the order-matching and put-through methods) from May 12, 2020. Based on the Company’s explanations, the Hochiminh Stock Exchange will announce the resumption of the full-time transaction of CLG in the form of supervised stock.    

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