Ho Chi Minh City Stock Exchange (HOSE) announced that HBC shares of Hoa Binh Construction Group Corporation and POM shares of Pomina Steel Corporation are subject to mandatory delisting.
These two stocks are currently under control according to the decision dated April 10, 2023 of HOSE. These two companies have violated the late submission of audited annual financial statements for two consecutive years. Accordingly, HOSE noted that HBC and POM stocks are likely to be delisted if they continue to violate the late submission of audited annual financial statements (2023 is the third consecutive year).
Hoa Binh Construction Group warned about the possibility of compulsory delisting of shares on HOSE
In addition, HOSE also noted the same for HNG shares of Hoang Anh Gia Lai International Agriculture Joint Stock Company. The reason HNG shares are under securities control according to the decision dated April 5, 2023 is because in 2021, the parent company's shareholders had a loss of more than VND 1,119 billion and in 2022, a loss of VND 3,576 billion. HOSE also said that it had received HNG's consolidated financial report for the fourth quarter of 2023 on January 30 with a loss after tax of VND 1,050 billion for parent company shareholders and an accumulated loss as of December 31, 2023 of nearly VND 8,054 billion.
Therefore, the management agency noted that HNG shares are likely to be delisted if the audited consolidated financial statements for 2023 show a loss.
These are not the first three stocks to be noted for the possibility of forced delisting. Previously, HOSE also warned Chuong Duong Beverage Joint Stock Company (stock code SCD) and An Phu Irradiation Joint Stock Company (stock code APC) about the possibility of similar delisting. Specifically, the financial report for the fourth quarter of 2023 of Chuong Duong Beverage recorded a loss after tax of more than VND 119 billion and accumulated losses exceeded VND 200 billion by the end of 2023. SCD shares were previously also subject to securities control.
Meanwhile, An Phu Irradiation Company announced its Q4/2023 report with a loss after tax of nearly 36 billion VND, making it the third consecutive year of losses. APC stock code is also under securities control.
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