UDC: UDC shares likely to be delisted

On April 20, 2022, the Hochiminh Stock Exchange issued a decision to change the shares of Urban Development and Construction Corporation (stock code: UDC) from the warning status to the supervision status because the profit after tax of shareholders of parent company in 2020 was -9.99 billion dongs, and in 2021 was -23.430 billion dongs. This is subjected to the controlled securities.

According to the interim reviewed consolidated financial statements for 2022, the profit after tax of shareholders of parent company’s shareholders was -16.452 billion dongs, the undistributed profit after tax until June 30, 2022 was -48.836 billion dongs.

Pursuant to Point e Clause 1 Article 120 of Decree No.155/2020/ND-CP dated December 31, 2020 by the Government on detailing and guiding the implementation of a number of articles of the Law on Securities, HOSE would like to note the possibility of delisting of UDC stock if the profit after tax of shareholders of parent company’s shareholders in the 2022 audited financial statements is negative. 

HOSE

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