Vietnam Airlines continues to postpone shareholders' meeting

Vietnam Airlines has just announced that it will continue to postpone its annual shareholders' meeting due to incomplete preparations.

This information was sent to the Ho Chi Minh City Stock Exchange (HoSE) today by Vietnam Airlines Corporation.

Accordingly, the company's general meeting of shareholders will be postponed from November 22 to December 16. The last registration date to attend remains October 12.

The reason given by the company is that "preparations have not been completed". This is the fourth time the company has postponed its annual general meeting of shareholders. Previously, the company planned to hold the meeting on June 20, then postponed it to August 30, and then scheduled the meeting on November 15, then November 22.

According to the Law on Enterprises, the annual general meeting of shareholders must take place within 4 months from the end of the fiscal year. However, unless otherwise provided in the company's charter, the board of directors may decide to extend this meeting if necessary, but not more than 6 months from the end of the fiscal year.

On the stock exchange, Vietnam Airlines' HVN shares are subject to restricted trading, and can only be bought and sold in the afternoon session by centralized order matching and negotiated trading methods.

At the close of trading on November 13, HVN's price reached VND10,950 per share, down 0.9%. In February, HoSE also warned that HVN shares could be delisted if Vietnam Airlines' after-tax profit was negative. According to an independent report, by the end of last year, the accumulated profit of Vietnam Airlines' parent company's shareholders was negative by approximately VND32,000 billion. The company's equity was negative by more than VND10,000 billion.

In the first 9 months of this year, the corporation achieved sales and service revenue of more than VND 68,089 billion, an increase of more than 32% over the same period; pre-tax profit was negative more than VND 3,300 billion, much better than last year's loss (-VND 7,573 billion).

Thi Ha

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