HA NOI (VNS)— The Ha Noi Exchange has asked Song Da 19 Joint Stock Company (SJM) to explain the losses it incurred in 2011, 2012 and 2013.
According to the 2013 financial report that Song Da 19 recently submitted to the capital city's exchange, its after-tax profits were negative for three consecutive years.
According to the Decree 58/2012/ND-CP, a stock would be delisted compulsorily in case the company incurs losses for three consecutive years.
The exchange had to explain the causes and measures taken to deal with the condition of compulsory delisting, the exchange said. — VNS