TTF: TTF faces delisting from HOSE

On November 02, 2016, the Hochiminh Stock Exchange (HOSE) received the consolidated financial statements for Quarter 3/2016 by Truong Thanh Furniture Corporation (stock code: TTF). Accordingly, the after-tax profit of parent company Quarter 3/2016 is –394.19 billion dongs, the after-tax profit of parent company in nine months of 2016 is -1,475.50 billion dongs. Besides, the undistributed after-tax profit at September 30, 2016 is -1,605.59 billion dongs, exceeding TTF’s paid-in capital (1,449.08 billion dongs). At present, TTF is being traded under special supervision due to its losses in Quarter 2/2016.     

Therefore, HOSE notes that the stock TTF may be delisted if on TTF’s 2016 audited consolidated financial statements its loss is still more than its paid-in capital. 

HOSE

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