MEC: Explanation for the stock delisting situation

On 01/04/2020, Hanoi Stock Exchange received the consolidated financial statements and financial statement of 2019 of Song Da Mechanical - Assembling Joint Stock Company (stock code: MEC), audited by A&C Auditing And Consulting Company Limited by 30/03/2020.

After reviewing, Hanoi Stock Exchange found that the total amount of accumulated losses exceeds the company's charter capital as of 31/12/2019 in the consolidated financial statement of 2019. Such, MEC was put in the delisting status based on Decree No. 58/ 2012/ ND – CP dated 20 Jul 2012.

Hanoi Stock Exchange requested the Company to explain reason and solution to the delisting status and send the explanation to Hanoi Stock Exchange by 14/04/2020.

HNX

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