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Company delists following losses

Jul 4th at 13:10
04-07-2012 13:10:15+07:00

Company delists following losses

Construction firm Vinaconex No 11 (V11) would delist from the Ha Noi Stock Exchange at an appropriate time to restructure its business, its shareholders have approved after the annual meeting.

Last year, Vinaconex No 11 faced a loss of VND31 billion, and revenue reached VND320 billion. Therefore, it expects to earn only VND300 billion in revenue and continue to be unprofitable with a loss worth VND22 billion.

V11 shares bottomed out during yesterday's session, reaching only VND2,100 per share.

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