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Wednesday, November 30, 2022

PXS to be delisted next month

The Saigon Times

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HCMC –  The Hochiminh Stock Exchange (HOSE) has decided to delist all the 60 million shares of Petroleum Equipment Assembly & Metal Structure JSC (PXS) from June 24.

The final trading date of the PXS shares worth some VND600 billion on the southern bourse is June 23.

The cause for the delisting is that the auditing firm gave a qualified audit opinion on the financial reports of PXS in 2019, 2020 and 2021.

PXS incurred huge losses in 2018 and 2019 but earned an after-tax profit of VND3.39 billion in 2020, so it did not face the delisting at the time.

Last year, the company generated some VND1.1 trillion in net revenue and VND1.2 billion in after-tax profit.

Today, May 25, PXS edged up 1.28% at VND5,550.

On the southern bourse, the VN-Index soared 35.05 points, or 2.84%, at 1,268.43 points with 415 winning stocks and only 49 falling ones.

Turnover on the bourse rose 24% in volume and 23.6% in value against yesterday at 655.2 million shares and nearly VND16.6 trillion.

The HNX-Index on the Hanoi Stock Exchange added 8.96 points, or 2.93%, at 314.91 points.

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