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XMC delists amid poor operating results

Update: October, 22/2013 - 07:05
Vinaconex Xuan Mai Concrete And Construction (XMC) has announced it will delist shares from the Ha Noi Stock Exchange.— File Photo

HA NOI (VNS)  — Vinaconex Xuan Mai Concrete And Construction (XMC) has announced it will delist shares from the Ha Noi Stock Exchange.

To ensure the interests of small shareholders, the company's largest shareholder, construction firm Khai Hung Co Ltd pledged to buy shares from them at negotiated prices no less than XMC's floor price on October 11 (VND5,600; US$0.2) within six months from delisting.

The stocks closed yesterday's session at VND6,100.

Meanwhile, Vien Dong Investment Development Trading Corp (VID) faces the threat of delisting shares from the HCM City Stock Exchange.

The company posted a loss of VND50.7 billion ($2.3 million) in the first six months of this year after two years running without profit. VID finished yesterday at only VND2,500 per share. — VNS

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