VNI: VNI likely to be halted & put under supervision

On February 14, the Hochiminh Stock Exchange received the Q4/2013 consolidated financial statements of Viet Nam Land Investment Corporation (stock code: VNI). Accordingly, its after-tax profit attributable to parent shareholders in 2013 is –VND8.86 billion; and its undistributed after-tax profit at December 31, 2013 is –VND7.26 billion. Currently, VNI stock has been subjected to warning status.

Therefore, if its 2013 audited financial statements are still negative, the VNI 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, VNI stock will be traded in the form of a controlled stock.

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