HA NOI (VNS) — Au Viet Securities Co (AVS) will ask for approval to dissolve the company and sell its assets in a shareholders' meeting on March 20.
The company plans to cut off four of its businesses: brokerage, underwriting, custody and consultation. It will keep only the self-trading business in order to settle outstanding shares. This year, AVS projects a modest profit of VND8 billion (US$383,000). After dissolution, AVS will cancel its listing on the Ha Noi Stock Exchange. — VNS