THV: Explanation for 05 consecutive floor-plunging sessions
On 24/05/2012, Thai Hoa Viet Nam Group JSC explained the 05 consecutive floor-plunging sessions from 15/05/2012 to 21/05/2012 as follows:
- On 16/05/2012, the Company organized the General Meeting of Shareholders in which targets of 2011 were not achieved, and targets for 2012 decrease accordingly. There were also changes in the BOD and Supervisory Board.
- Investors’ confidence was affected by decrease in THV price from previous sessions.
- The prices of THV 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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