HSI: HSI faces delisting from HOSE

On August 12, 2013, HOSE received the consolidated financial statements for Quarter 2/2014 from General Materials Biochemistry Fertilizer JSC (stock code: HSI). Accordingly, the after-tax profit of the parent company’s shareholders for Quarter 2/2014 is –VND7.947 billion, and the accumulated after-tax profit of the parent company’s shareholders for the first six months of 2014 is –VND25.942 billion, so the undistributed profits at June 30, 2014 is –VND103.59 billion exceeding its paid-up charter capital (VND100 billion). At present, the stock HSI is being traded under supervision status because its after-tax profits on the 2012 and 2013 audited financial statements are negative.

-  Therefore, if after having the 2014 audited consolidated financial statements, HSI still have losses or its total accumulated loss still exceeds its paid-up capital, HOSE will implement procedures to delist the stock HSI, based on Point dd - Clause 1 - Article 60 of Decree No.58/2012/ND-CP.

HOSE

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