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VietNamNews

Six firms to have listings cancelled in June

Update: June, 03/2019 - 12:41

 

The front of the Hà Nội Stock Exchange. After the latest round of listing cancellations on the bourse, fourteen firms will have been delisted since the start of the year. - Photo cafef.vn

HÀ NỘI Six companies will have their listings on the Hà Nội Stock Exchange cancelled in June.

The targeted firms are Hòa Bình Mineral JSC (KHB), ALV Infrastructure Development Investment JSC (ALV), ASA Consumer Product JSC (ASA), CMIStone Vietnam JSC (CMI), Sông Đà Investment and Construction JSC (SDD) and Low Current-Telecom JSC (LTC).

The move will raise the total number of companies to be delisted by force by the HNX in the first half of 2019 to 14. Five were delisted in May.

According to the HNX, the 14 companies had their listings cancelled because they have recorded losses for three straight years in 2016-18, delayed the disclosure of financial reports in the period and were rejected by audit agencies for their 2018 financial reports. VNS

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