TRI: Explanation for peaking at the ceiling price in 5 consecutive trading days

Sai Gon Beverages Joint Stock Company (Tribeco) has explained peaking at the ceiling price in 5 consecutive trading days from 16/08/2010 to 20/08/2010 as follows:

1. Profit in Q2/2010 was VND44,396,531,098

Tribeco transferred the long-term investment at its subsidiary as the Northern Tribeco with the initial investment of VND40 billion (80% chartered capital of the Northern Tribeco). Earnings from transference: VND27,658,563,597.

Tribeco transferred the investment at its association company as the Binh Duong Tribeco with the initial investment of VND97.5 billion (30% chartered capital of the Binh Duong Tribeco). Earnings from transference: VND44,659,078,744.

2. Peaking at the ceiling price in 5 consecutive trading days was probably caused by the information above. It was out of control of Tribeco.

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>   VIC: BOD Resolution No.20/2010 on charter capital increase (27/08/2010)

>   VIC: BOD Resolution No.19/2010 on setting up a joint stock company (27/08/2010)

>   VPL: BOD Resolution No.11 (27/08/2010)

>   TMS: Transaction of affiliated person (27/08/2010)

>   STG: Transaction of affiliated institution (27/08/2010)

>   STB: Trading result and transaction of inside shareholder (27/08/2010)

>   HBC: Trading result and transaction of affiliated institution (27/08/2010)

>   GMD: Trading result of major shareholder (27/08/2010)

>   GMD: Trading result of affiliated institution (27/08/2010)

>   DXG: Rights trading result of inside shareholder (27/08/2010)