Hòa Phát Construction Stone delists in May

May 21, 2016 - 11:35

Hòa Phát Construction Stone will delist HPS shares from May 30 because the company terminates the existence due to merger, according to Hanoi Stock Exchange (HNX).

Hòa Phát Construction Stone JSC will delist nearly 1.57 million HPS shares on the stock market from May 30. — Photo tn&mt

Viet Nam News HÀ NỘI (VNS) — Hòa Phát Construction Stone JSC will delist nearly 1.57 million HPS shares on the stock market from May 30, according to Hà Nội Stock Exchange (HNX).

HPS’s last trading day on the HNX will be May 27.

The delisting is to be carried out before the company merges with another.

In the annual shareholders’ meeting held recently in Hà Nội, the company’s shareholders authorised the board of directors’ decision to merge HPS and Vicem Hải Vân Cement JSC (HVX).

The company expected to make VNĐ23.29 billion (US$1.03 million) in revenue. It has no plan to pay dividends this year. — VNS

Tags HNX delist Hoa Phat Construction Stone HPS Hanoi Stock Exchange

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