HU1: HU1 shares likely to be delisted

HOSE - 20/09/2022 10:57:00 AM

According to Decision No.217/QD-SGDHCM dated April 13, 2022 by the Hochiminh Stock Exchange (HOSE), HU1 stock of HUD1 Investment and Construction Joint Stock Company was under the supervision status because the audit company expressed qualified opinions for the audited financial statements in two consecutive years (2020 and 2021).

On August 30, 2022, HOSE received the reviewed consolidated financial statements for the first half of 2022 from HUD1 Investment and Construction Joint Stock Company. Accordingly, there is still a qualified opinion by the audit company.

Pursuant to Point h Clause 1 Article 120 of Decree No.155/2020/ND-CP dated December 31, 2020 by the Government on detailing and guiding the implementation of a number of articles of the Law on Securities, HOSE would like to note the possibility of delisting of HU1 stock if the audit company continues giving a qualified opinion on the 2022 audited financial statements.

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