In the latest development, the Hanoi Stock Exchange (HNX) has announced its approval for the registration of HNG shares of Hoang Anh Gia Lai International Agriculture Joint Stock Company (HAGL Agrico) and HBC shares of Hoa Binh Construction Group Joint Stock Company to resume trading on the UPCoM exchange.
Accordingly, over 1.1 billion HNG shares will begin trading on UPCoM from September 18, 2024, with a reference price on the first trading day set at VND 4,600 per share.
On the same day, September 18, more than 347 million HBC shares will be listed on UPCoM with a reference price of VND 5,700 per share.
Previously, HBC and HNG were both delisted from the HoSE exchange, effective September 6. The delisting of HBC was due to the company’s accumulated losses exceeding its paid-up capital, as per its 2023 audited financial statements. Meanwhile, HNG’s delisting was a result of three consecutive years of audited losses during the 2021-2023 period.
Following the delisting decision, Hoa Binh Construction Group has taken steps to reassure its shareholders. The company announced that it would transfer its shares to trade on the UpCOM exchange and committed to continue fulfilling its information disclosure obligations in accordance with regulations, ensuring transparency and protecting shareholders’ interests.
Hoa Binh Construction Group also disclosed its financial results for the first half of 2024 and expressed optimism about the prospects for its shares over the next two years. The company is determined to work towards relisting on the HoSE exchange.
Similarly, the management of HAGL Agrico is confident about generating profits in the coming years, gradually reducing accumulated losses reflected in their financial statements. The company’s chairman, Tran Ba Duong, emphasized their willingness to accept the delisting as a fresh start.
HBC’s market price during its last trading session on HoSE on September 5, 2024
HNG’s market price during its last trading session on HoSE on September 5, 2024
