Alphanam's stock to be delisted

Friday, Dec 05, 2014 15:19

Alphanam's stock will be delisted by December 31. – Photo ndh

HCM CITY (Biz Hub) – The HCM City Stock Exchange (HOSE) decided on December 2 to remove the stock code ALP of Alphanam Investment JSC from the market.

According to HOSE's decision, more than 192.4 million ALP shares, worth more than VND1.9 trillion or about US$89 million, will be delisted by December 31.

The move to voluntarily delist its shares follows a decision taken at the Alphanam Company's shareholders' annual meeting in 2013.

The last day of trading for ALP shares on HOSE is December 30.

Alphanam JSC specialises in industrial production, infrastructure construction and property, besides the import and export of agro-forestry products.

Business news website bizline quoted Alphanam's financial report as saying that the company had an accumulated loss of VND140.5 billion ($6.6 million) in the first nine months of 2014. It added that the company has been suffering constant losses since 2011.

The total assets of Alphanam stood at VND2.676 trillion ($125.9 million) last September. – VNS

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