HoSE de-lists ATG shares

15-Apr-2021 Intellasia | The Saigon Times | 5:02 AM Print This Post

The Hochiminh Stock Exchange (HoSE) has released an announcement cancelling the listing of An Truong An JSC’s (ATG) shares on the bourse as the firm has reported losses over the past three years, reported Bnews news site.

HoSE said that it received ATG’s separate and consolidated financial statements on April 12, which showed that its parent company’s net losses in 2020 reached VND12.95 billion and undistributed net profit as of December 31, 2020, was negative VND35.76 billion.

Overall, over the past three years, the firm reported net losses of VND11.87 billion in 2018, VND12.11 billion in 2019, and VND12.95 billion last year. An audit agency also declined to give its feedback on ATG’s 2020 financial report associated with issues such as the possibility of continuous operations, revenues and expenditure and half-done basic construction costs of the firm.

Earlier, HoSE placed ATG shares under surveillance on April 3 due to the firm’s poor business performance in 2018 and 2019.



Category: Stocks, Vietnam

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