GTT: GTT likely to be delisted from HOSE

On March 10, 2016, the Hochiminh Stock Exchange (HOSE) ​​issued Decision No.96/QD-SGDHCM putting GTT shares of Thuan Thao Corporation into suspension status.  On the same day, HOSE sent an official document asking Thuan Thao Corporation to explain the losses in 2015, including the qualified opinion of the auditing company for 317.54 billion which were not recorded as a provision for the principle and interest receivables of Thuan Thao Sai Gon South Corporation.  

Therefore, if Thuan Thao Corporation sets up a provision under the law, the losses at December 31, 2015 will increase by VND317.54 billion, so the total accumulated losses will exceed the current charter capital. Therefore, HOSE notes that the stock GTT may be delisted under the regulations.

HOSE

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