VNI: VNI likely to be delisted from HOSE

The Hochiminh Stock Exchange (HOSE) issued Decision No.70/QD-SGDHCM dated March 11, 2014 to put the shares of Viet Nam Land Investment Corporation under supervision status as from March 18, 2014 because the Company’s after-tax profit in 2012 is –VND1.84 billion and in 2013 is –VND8.87 billion.  

On February 12, 2015, the Hochiminh Stock Exchange (HOSE) received the consolidated financial statements for Quarter 4/2014 from Viet Nam Land Investment Corporation (stock code: VNI). Accordingly, the Company’s after-tax profit until December 31, 2014 is –VND11.45 billion and its undistributed profit is –VND18.72 billion. This is the third consecutive year the Company’s business results are negative.

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

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