VSG: Decision on putting VSG under control
On March 25, 2011, the Hochiminh Stock Exchange (HOSE) had Decision No.33/2011/QD-SGDHCM on putting the stock of South Vietnam Container Shipping Joint Stock Company (HOSE: VSG) under control as of March 29, 2011.
Reason: South Vietnam Container Shipping Joint Stock Company (Viconship Saigon) violated Point b, Clause 1, Article 19a of Decision No.04/QD-SGDHCM dated April 17, 2009 on the adjustment and supplement of Article 19 and Section II, Appendix 2 of the Listing Regulations on the Hochiminh Stock Exchange: Profit after tax of a fiscal year is a negative number. Profit after tax of Viconship Saigon in the 2010 audited financial statements was -VND40,656,046,532.
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