SBS: SBS put under control

On July 18, 2012, HOSE issued Announcement No.666/2012/TB-SGDHCM about putting the stock of Sacombank Securities Joint Stock Company (SACOMBANK–SBS) under control as follows:

-          Stock SBS will be controlled as from July 23, 2012 according to Decision No.99/2012/QD-SGDHCM dated July 18, 2012 by HOSE.

-   Reason: The undistributed profit of SACOMBANK–SBS is -VND1,424.14 billion exceeding the owner capital until March 31, 2012. Besides, the Company’s financial situation has not been explained fully.     

-          Limiting the trading time of SBS: SBS will be traded only 15 minutes in the closing periodic order-matching session. 

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