IFS: INTERFOOD faces delisting from HOSE

On February 18, 2013, the Hochiminh Stock Exchange received the Quarter IV/2012 financial statements of Interfood Shareholding Company (INTERFOOD). Accordingly, INTERFOOD’s business result in Quarter IV/2012 was -VND132 billion, so the accumulated profit after tax in 2012 was -VND143.1 billion. Besides, the Company’s undistributed profit after tax in Quarter IV/2012 was –VND495.3 billion, while its paid-up capital is VND381.4 billion. At present, stock IFS is being traded in the form of a controlled stock code.

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 INTERFOOD’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 IFS.

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