AAA: AAM faces delisting risk

According to Decision No.331 dated August 24, 2018, HOSE to put the stock of Mekong Fisheries Joint Stock Company (AAM) into warning status as from August 31, 2018.

Reason: The company’s charter capital has reduced below VND120 billion according to the audited financial statements in first six months of 2018. This is the case of warned securities, regulated at Point 1.1, Article 22 of the Listing Regulations on the Hochiminh Stock Exchange.

According to Point a d, Provision 1, Article 53, Decree No.60/2012/ND-CP, securities will be delisted if the listed company’s charter capital has reduced below VND120 billion. Therefore, HOSE will implement procedure to delist the stock of AAM if AAM has not overcome the causes of decreasing charter capital within 01 year.

HOSE

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