PPG: HNX requests for explanations and recovery plan

On 06/04/2015, Hanoi Stock Exchange (HNX) requested Phu Phong Corporation to explain reason and bring out the recovery plan for the situation of being delisted mandatorily as follows:

On 01/04/2015, HNX received audited financial statement 2014 of Phu Phong Corporation. HNX realized that operation results of the Company were unprofitable in 3 consecutive years (2012, 2013 and 2014). Accordingly, PPG stock will be under compulsory delisting in accordance with Clause 1, Article 60 of Decree No. 58/2012/ND-CP dated 20/07/2012 of Government.

Hanoi Stock Exchange request the Company explaining reason and bring out the recovery plan for the situation of being delisted mandatorily according to Clause 2, Article 16 of Securities Listing Regulation, attached with Decision No. 18/QD-SGDHN dated 17/01/2014 of General Manager of Hanoi Stock Exchange.

HNX

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