PIT: Be put under control

HOSE officially informed about putting the stock of Petrolimex International Trading Joint Stock Company under control as follows:

-          Putting PIT under control as from March 24, 2014 according to Decision No. 86/QD-SGDHCM dated March 17, 2014 by HOSE. PIT stock will be halted trading as from March 24, 2014.

-          Reason: Profit after tax of PITCO in 2013 was –VND17.6 billion and undistributed profit after tax of VISCO at December 31, 2013 was –VND21.07 billion, PITCO violated Point b, Clause 1.1, Article 16 of the Listing Regulations on the Hochiminh Stock Exchange and Decision No.10/QD-SGDHCM dated January 13, 2014. .

-          Based on explanation of the company, Hochiminh Stock Exchange will be noticed on the stock to be traded again but put under control.

HOSE

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