LAF: Explanation for plummeting to floor prices

Long An Food Processing Export Joint Stock Company explained reasons making its stock plummet to floor prices for ten consecutive trading sessions as follows:

-         Loss after tax in the first 09 of 2012 with is 144.5 billion dongs and the accumulative loss until now is 132.6 billion dongs.

-         On October 24, 2012, the company received Announcement No. 1850/2012/SGDHCM-NY by the Hochiminh Stock Exchange on LAF stock will be likely to be delisted.

-         Solutions: the company will appraise assets for banking mortgage to borrow capital to fund working capital; focus to rationalize production to save expenses; open new market and new customers to increase sales; look for customers to transfer the land at 268 Nguyen Van Tuoi, Ben Luc Town, Long An (46,500 m²) and continue to withdraw capital of long term financial investment.

HOSE

>   IFS: Board Resolution (10/12/2012)

>   CTB: Board resolution (10/12/2012)

>   AGD: Result of offering shares (07/12/2012)

>   XMC: Change of Chief Accountant (07/12/2012)

>   KAC: The record date for consulting shareholders (07/12/2012)

>   VFMVFA: Resolution of extraordinary meeting of investors (07/12/2012)

>   NHS: Board Resolution No.192 (07/12/2012)

>   VHH: Notice of record date for a ballot (07/12/2012)

>   NVT: Time & venue of the 2012 extraordinary meeting of shareholders (07/12/2012)

>   PDN: Board Resolution No.20 (07/12/2012)