Posted on 03 Feb 2016
Steelmaker Huu Lien Asia Corp (HLA) has said it plans to list on the unlisted public company market (UPCoM) managed by the Ha Noi Stock Exchange, after delisting from the HCM Stock Exchange on February 12.
According to the company, the new listing will help protect the interests of its shareholders.
February 11 will be the last trading day of HLA on the southern exchange. The stock closed on Friday at just VND1,000 (5 US cents) a share.
Saigon Securities divests from confectionery with sale of more than 3 million shares
Saigon Securities Inc (SSI) has reported that its SSI Asset Management Ltd Co (SSIAM) has completed sale of over 3 million shares in confectionery firm Bibica Corp (BBC), accounting for nearly 20 per cent of BBC's charter capital.
The buyer information has not been disclosed.
After the deal, SSI's holding in Bibica decreased to a tiny 0.02 per cent, thus Bibica is no longer its affiliate. Korea's Lotte currently holds a 44-per-cent stake in Bibica.
Bibica general director Truong Phu Chien said the withdrawal of SSI would not affect the company's future development plans.
BBC stocks hit their ceiling price on Friday at VND57,500 (US$2.69) a share, while that of SSI declined 2.2 per cent to VND26,300 ($1.23).
