VIG: 5 consecutive floor-plunging sessions explanation
On 05/10/2011, Vietnam Electricity Construction 2 JSC (HNX: VIG) explained the stock floor-plunging for 5 consecutive sessions from27/09/2011 to 03/10/2011 as follows:
• The operation of Vietnam Electricity Construction 2 JSC is normal, the operation results of quarter 3/2011 haven’t yet been disclosed, however, according to existing data, revenue, profit don’t have any extraordinary fluctuations, ex ante revenue of quarter 3/2011 is more than VND9.86 billion (In quarter 3/2010: VND2.42 billion).
• Other operations haven’t had any fluctuations, Company has been stable in organization and administration
• Vietnam Electricity Construction 2 JSC has enough works to the end of 2011, at present, Company is carying out the projects, including: 500KV Son La – Hiep Hoa transmission line, 220KV Ha Tinh – Vung Ang transmission line, 220KV Vinh – Thanh Hoa transmission line, 110KV Yen Minh – Ha Giang transmission line
• The stock price swang and continuously decreased in previous time because of market factors.
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