VES: Information on the situation of VES stock

On February 06, 2012, the Hochiminh Stock Exchange received the financial statements of Quarter 4/2011 of Meca Vneco Investment and Electricity Construction Joint Stock Company (stock code: VES). According to the statements, the Company continued losing VND6.9 billion in 2011.

In 2011, the Hochiminh Stock Exchange issued Decision No.54/2011/QD-SGDHCM to put the stock as a designated stock as from May 06, 2011 because the Company’s profit after tax in 2010 was (-VND4.6 billion). Therefore, if Meca Vneco continues having a loss after tax in the 2011 audited financial statements, its stock VES will be suspended from trading, according to Point 1.3, Article 20 of Listing Regulation on the Hochiminh Stock Exchnage attached with Decision No.168/QD-SGDHCM on December 07, 2007: “Business and production results suffered a loss for two consecutive years basing on audited financial statements.”

The Hochiminh Stock Exchange will consider the trading again of VES after Meca Vneco Investment and Electricity Construction Joint Stock Company explains reasons of losses and has plan to surmount the losses.

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