VSP: Explanation for 05 consecutive floor-plunging sessions

On 09/04/2012, Viet Hai Shipping and Real Properties Corporation explained the 05 consecutive floor-plunging sessions from 30/03/2012 to 06/04/2012 as follows:

- The Company’s operation has been carried out as normal according to the General Mandate approved on 05/04/2011.

- Situation of global marine transport has not been good with representaive index Baltic Dry Index (BDI) remaining low. Specifically, from 30/03/2012 to 06/04/2012, BDI continuously fell to 934 ponts. Besides, the Board Resolution on the Company’s volutary delisting to move to UPCoM also affected the investors’ confidence.

- The prices of VSP fell because of the supply and demand law in the market and the consecutive floor-plunging sessions were out of the Company’s control.

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