JVC: JVC still in the warning status

JVC: JVC still in the warning status

The Hochiminh Stock Exchange (HOSE) announces the maintenance of warning status as follows:

-       Listed firm: Japan Vietnam Medical Instrument Joint Stock Company

-       Stock code: JVC

-       Stock type: common stock

-       Stock JVC is lifted from the warning status from July 22, 2019 under Decision No.275/QD-SGDHCM dated July 18, 2019 by the CEO of HOSE because Mr. Le Van Huong, Ex-Chairman of the Board of Directors cum Ex-CEO of JVC) no longer works or participates in operating the company and is no longer a major shareholder.

-       However, HOSE continues to remain the warning status for stock JVC under Decision No.462/QD-SGDHCM dated December 13, 2017 because JVC’s undistributed after-tax profit on the 2018 audited consolidated financial statements is negative.

HOSE will consider solutions for the stock JVC after having the 2019 semi-annual reviewed financial statements.

HOSE