FDG: FDG faces delisting from HOSE

On February 14, the Hochiminh Stock Exchange received the Q4/2013 consolidated financial statements of Dong Thap Trading Corporation (stock code: FDG). Accordingly, its after-tax profit in 2013 is –VND116.06 billion; and its undistributed after-tax profit is –VND147.16 billion, exceeding paid-up capital of VND132 billion.

Currently, FDG stock has been subjected to warning status.

Based on Point d – 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.”

Therefore, if accumulated losses of 2013 audited consolidated financial statements exceed paid-up capital, the Hochiminh Stock Exchange will implement procedures to delist the stock FDG.

HOSE

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