HCMC – The Hochiminh Stock Exchange (HOSE) has announced that it will delist HBC shares of Hoa Binh Construction Group and HNG shares of Hoang Anh Gia Lai Agricultural JSC starting next month.
The delisting decisions will take effect on September 6, with September 5 being the last trading day for both HBC and HNG shares on HOSE.
For Hoang Anh Gia Lai Agricultural JSC, over 1.1 billion HNG shares, with a total face value of nearly VND11.1 trillion, will be removed from the exchange.
The delisting is due to the company having racked up losses for three consecutive years: VND1,119 billion in 2021, VND3,577 billion in 2022, and VND1,099 billion in 2023.
In the case of Hoa Binh Construction Group, more than 347.2 million HBC shares, with a total face value of nearly VND3.5 trillion, will be delisted.
This action follows the company’s poor financial performance, with a cumulative loss of VND3,240 billion as of December 31, 2023, surpassing its charter capital of VND2,741 billion.
At the end of July, HOSE issued an official notice to both companies regarding the forthcoming delisting of their shares.
