TTF: TTF stock likely to be delisted

On February 02, 2017, the Hochiminh Stock Exchange (HOSE) received the consolidated financial statements for Quarter 4/2016 by Truong Thanh Furniture Corporation (stock code: TTF). Accordingly, the after-tax profit of the parent company’s shareholders in Quarter 4/2016 is –145.759 billion dongs, the accumulated after-tax profit of the parent company’s shareholders in 2016 is -1,621.261 billion dongs.  Besides, the undistributed after-tax profit at December 31, 2016 is -1,767.754 billion dongs, exceeding TTF’s paid-in capital (1,446.078 billion dongs). At present, TTF is being traded under special supervision due to its losses in Quarter 2/2016.

Therefore, if TTF’s accumulated loss (according to the 2016 audited consolidated financial statements) exceeds its paid-in capital, HOSE will implement procedure to delist the stock of TTF.

HOSE

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