Can Tho Mineral and Cement Joint Stock Company will cancel its listing on the Ha Noi Stock Exchange on June 29, the stock exchange has announced.

The last trading session of the company is scheduled for June 28. CCM closed Friday at VND26,300 (US$1.17) per share. It has lost total 19 per cent after the last two sessions.

The company debuted on the northern exchange on September 19, 2008 to trade nearly 6.2 million shares under code CCM.

The delisting of CCM shares is aimed to focus on the firm’s restructuring process in order to improve its business performance and development, the company said in a filing to the market regulator.

The listing cancellation was passed by the firm’s shareholders at its annual shareholder meeting on March 24.

Other issues that were approved at the annual shareholders’ meeting included the establishment of its branch in Australia and investment of a new factory for its subsidiary in Hau Giang Province. — VNS