FBT: Faquimex faces delisting

According to the reviewed financial statements for the first six months of 2012, the loss after tax of Ben Tre Forestry and Aquaproduct Import Export Joint Stock Company (FAQUIMEX) in the first six months is VND4.335 billion, and the cumulative loss until June 30, 2012 is VND240.65 billion exceeding the company's paid-up capital of VND150 billion.

-         Therefore, basing on Point d - Clause 1 - Article 60 of Decree No. 58/2012/ND-CP effective from 09/15/2012, FBT stock at present is in the status of delisting because its cumulative loss exceeds its paid-up capital. The Hochiminh Stock Exchange will consider implementing procedures to delist FBT stock if the Company does not overcome the status of delisting above after the Company discloses the 2012 audited financial statements (expected in April 2013).

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