Friday, 08/02/2013 16:23

DDM: Dong Do Marine faces delisting from HOSE

On February 07, 2013, the Hochiminh Stock Exchange received the Quarter IV/2012 consolidated financial statements of Dong Do Marine Joint Stock Company (Dong Do Marine). Accordingly, Dong Do Marine has a loss of VND30.63 billion and an accumulated loss until now is VND126.65 billion, while the paid-up capital is VND122.44 billion.

Based on Point dd - Clause 1 - Article 60 of Decree No. 58/2012/ND-CP: “Stock will be delisted in the following cases: “Business and production results suffered a loss for three consecutive years, or total accumulated losses exceeded paid-up capital in the financial statements of the latest year prior to the date of consideration.”, if the Company’s accumulated loss is higher than its paid-up capital after the Company discloses the 2012 audited financial statements, the Hochiminh Stock Exchange will implement procedures to delist the stock DDM.

HOSE

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