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PPI: PPI faces delisting risk On January 29, 2019, the Hochiminh Stock Exchange (HOSE) received the financial statements in Q4.2018 of Pacific Infrastructure Project Development and Investment Corporation (PPI). According to the report, the profit after tax of the parent company’s shareholders in 2018 was -91.92 billion dongs and the undistributed after-tax profit at 12/31/2018 was -160.17 billion dongs.
Moreover, According to Decision No.130/QĐ-SGDHCM dated April 12, 2018 by Hochiminh Stock Exchange, the stock PPI of Pacific Infrastructure Project Development and Investment Corporation was put under supervision status because the profit after tax in 2016 was -37.27 billion dongs, the profit after tax in 2017 was -84.66 billion dongs.
According to Point đ, Provision 1, Article 60, Decree No.58/2012/ND-CP, securities will be delisted if the listed firm has losses in three consecutive years. Therefore, HOSE will implement procedure to delist the stock of PPI if PPI’s audited financial statements in 2018 is negative. HOSE
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