SD1: HNX requests for explanations and recovery plan

On 02/04/2015, Hanoi Stock Exchange (HNX) requested Song Da No 1 JSC to explain reason and bring out the recovery plan for the situation of being delisted mandatorily as follows:

On 31/03/2015, HNX received audited financial statement 2014 of Song Da No 1 JSC. HNX realized that operation results of the Company were unprofitable in 3 consecutive years (2012, 2013 and 2014) and accumulated loss as of 31/12/2014 is higher than paid-in capital. Accordingly, SD1 stock will be under compulsory delisting in accordance with point d, Item 1, Article 60, Decision No.58/2012/ND-CP dated on 20/07/2012.

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 before.

HNX

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