PNC: PNC likely to be halted & put under supervision

On February 11, the Hochiminh Stock Exchange received the Q4/2013 consolidated financial statements of Phuong Nam Cultural Joint Stock Corporation (stock code: PNC). Accordingly, its after-tax profit attributable to parent shareholders in 2013 is –VND23.391 billion; and its undistributed after-tax profit at December 31, 2013 is –VND42.706 billion.

Therefore, if its 2013 audited financial statements are still negative, the PNC stock will be suspended from trading, in accordance with Clause 3 - Article 16 of the Listing Regulations by the Hochiminh Stock Exchange. After the Company has the plan to overcome, PNC stock will be traded in the form of a controlled stock.

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