SBC: SBC likely to be delisted after the 2013 audited financial statements

On December 10, 2013, the Hochiminh Stock Exchange received the Quarter 3/2013 consolidated financial statements of Saigon Beer Transportation Joint Stock Company (SABETRAN JSC). Accordingly, the profit after tax of shareholders of parent company in Quarter 3/2013 is –VND17.4 billion and the accumulated profit for the first nine months of 2013 is –VND84.6 billion, so the undistributed profit after tax at September 30, 2013 is –VND84.2 billion, while the paid-in capital is VND80 billion. Therefore, SABETRAN JSC’s total accumulated loss exceeds its charter capital.

If SABETRAN JSC’s total accumulated loss on the 2013 audited financial statements still exceeds its paid-up capital, the Hochiminh Stock Exchange will implement procedures to delist SBC shares; based on Point dd - Clause 1 - Article 60 of Decree No.58/2012/ND-CP dated July 20, 2012.

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