NVN: NVN likely to be delisted from HOSE

On February 14, 2015, the Hochiminh Stock Exchange (HOSE) received the consolidated financial statements for Quarter 4/2014 from House Viet Nam Joint Stock Company (stock code: NVN). Accordingly, the Company’s after-tax profit of parent company in 2014 is –VND37.23 billion and its undistributed profit at December 31, 2014 is –VND115.33 billion and paid-up Charter is VND106.56 billion. Thus, accumulated loss at December 31, 2014 exceeds its paid-up charter.

The Hochiminh Stock Exchange (HOSE) issued Decision No.126/QD-SGDHCM dated April 01, 2014 to put the shares of House Viet Nam Joint Stock Company under supervision status because the Company’s after-tax profit of parent company in 2012 is –VND51.32 billion and in 2013 is –VND43.61 billion

Therefore, if the Company still has after-tax loss on the 2014 audited financial statements; HOSE will implement procedures to delist the stock NVN.

HOSE

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