Cement maker Beton 6 to be delisted in November

Cement maker Beton 6 Joint Stock Company (Beton 6) will be removed from the HCM Stock Exchange (HOSE) on November 27, HOSE reported on Friday.

Beton 6 is now listed as BT6 with 33 million shares on HOSE and has been warned several times for delaying information disclosure.

This is a part of the restructuring plan that Beton 6 is carrying out in order to improve its production efficiency. The company will be listed again after the plan shows good results.

Before being delisted, Beton 6 planned to buy back one million shares, however, the company was unable to buy back all these shares.

In the third quarter of this year, Beton 6 earned a revenue of VND289 billion (US$12.8 million) and a net profit of VND5.76 billion ($256,000), an increase of 43 per cent and 304 per cent over a year.

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