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Logistics firm to delist due to undervaluation

Update: April, 21/2012 - 08:45

HA NOI — Logistics firm Vinafco (VFC) has decided to delist from the HCM City Stock Exchange on the proposal of leading VFC shareholder Golden Age Investment Co. Golden Age, which holds a 25.25-per-cent stake in VFC, had said that the listing had failed to benefit shareholders, with shares no longer truly reflecting corporate value.-VNS

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