RIC: RIC to be put into supervision

On March 31, 2020, the Hochiminh Stock Exchange issued Decision No.148/QD-SGDHCM to put the stock of Royal International Corporation (stock code: RIC) into supervision status as from April 08, 2020.

Reason: The undistributed profit after tax at 12/31/2018 was -155.49 billion dongs; the profit after tax in 2019 was -72.79 billion dongs, and the undistributed profit after tax at 12/31/2019 was -228.29 billion dongs, according to the audited financial statements in 2019. This is the case of securities supervised according to Item b, Point 1.1, Clause 1, Article 23 of the Listing Regulations on the Hochiminh Stock Exchange attached to Decision No.85/QD-SGDHCM dated March 19, 2018.

The trading time for RIC shares will be limited (traded only in the afternoon sessions and under the order-matching and put-through methods) from April 08, 2020. Based on the Company’s explanations, the Hochiminh Stock Exchange will announce the resumption of the full-time transaction of RIC in the form of supervised stock.    

HOSE

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