BAS: Information on BAS’s situation
On January 20, 2012, the Hochiminh Stock Exchange announced the financial statements of Quarter 4/2011 of Basa Joint Stock Company. According to the statements, the Company had a loss of VND9.75 billion in Quarter 4/2011 and a loss of VND22.55 billion for the whole year 2011. Besides, the Company had losses in 2009 and 2010.
Therefore, basing on Article 21, Provision 1, Decree 84/2010/ND-CP amending Article 14.1(dd) of Decree 14: ““Stock will be delisted in the following cases: Business and production results suffered a loss for three consecutive years, or total accumulated losses exceeded equity in the financial statements of the most recent year prior to the date of consideration.”, the Hochiminh Stock Exchange will consider a mandatory delisting to BAS if in 2011 the Company continues suffering a loss after audited.
hose
> Stocks spring on bullish sentiment (20/02/2012)
> SME has back to wall as SSC looks to play tough (20/02/2012)
> Vietnam stocks may rally as inflation eases, Dragon Capital says (20/02/2012)
> LM3: Explanation for 5 consecutive ceiling-hitting sessions (20/02/2012)
> VSP: Explanation for 05 consecutive floor–plunging sessions (20/02/2012)
> VNC: Establishment of company (20/02/2012)
> CMS: Notice of contract on Ngan Truoi Irrigation System (20/02/2012)
> WSS: Explanation for the lawsuit raised by PVFI (20/02/2012)
> XMC: Extraordinary information (18/02/2012)
