CLG: CLG faces delisting risk

On April 02, 2021, the Hochiminh Stock Exchange (HOSE) received the 2020 audited consolidated financial statements from Cotec Investment and Land-house Development Joint Stock Company (stock code: CLG). Accordingly, the profit after tax of shareholders of parent company in 2020 was -284.85 billion dongs and the undistributed profit after tax at 12/31/2020 was -485.97 billion. Therefore, the accumulated loss at 12/31/2020 was more than the Company’s charter capital (charter capital: 211.5 billion dongs). Besides, the audit company rejected to give opinions about the 2020 consolidated financial statements of Cotec Investment and Land-house Development Joint Stock Company. Pursuant to the regulations, this is a case of mandatory delisting.

Therefore, HOSE will implement mandatory delisting procedures for CLG of Cotec Investment and Land-house Development Joint Stock Company.

HOSE

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