SDY: HNX requests explanation and recovery plan for delisting situation

On 12/04/2017, Hanoi Stock Exchange requested Song Da Yaly Cement JSC explanation and recovery plan for delisting situation as follows:

On 07/04/2017, Hanoi Stock Exchange received the Audited financial report 2016 of Song Da Yaly Cement JSC. In the the Audited financial report 2016, the accumulated losses is higher than the paid in capital as of 31/12/2016. Accordingly, SDY stock is under delisting situation in accordance with Clause 1, Article 60 of Decree No. 58/2012/ND-CP dated 20/07/2012 of Government.

Hanoi Stock Exchange demands the Company to explain the reasons and recovery plan for delisting situation according to Clause 2, Article 16 of Securities Listing Regulation, attached with Decision No. 639/QD-SGDHN dated 13/10/2016 of General Manager of Hanoi Stock Exchange.

HNX

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