Vietnam Airlines share trades to be limited from Nov. 3 over losses
HANOI : Shares of Vietnam Airlines will be limited from trading on the Hochiminh Stock Exchange from Nov. 3, due to the flag-carrier's mounting losses, the bourse said in a filing. Vietnam Airlines' accumulated loss reach 17.7 trillion dong (US$782.25 million) as of end-June, the exchange said, adding tha
HANOI : Shares of Vietnam Airlines will be limited from trading on the Hochiminh Stock Exchange from Nov. 3, due to the flag-carrier's mounting losses, the bourse said in a filing.Vietnam Airlines' accumulated loss reach 17.7 trillion dong (US$782.25 million) as of end-June, the exchange said, adding that shares of the company will only be allowed to trade in the second half of the trading day.
The company didn't immediately respond to a request for comment.Vietnam Airlines has been one of the hardest-hit firms in Vietnam during the COVID-19 pandemic. The national flag carrier is 86per cent owned by the state and plays a crucial role in the Southeast Asian country's business and tourism economy.
The company last month raised US$351 million from issuing new shares to its existing shareholders, after signing deals in July for loans worth US$173.8 million from three local banks to shore up its liquidity.Japan's ANA Holdings has an 8.77per cent stake in Vietnam Airlines, according to Refinitiv data. headtopics.com
(Editing by Martin Petty and James Pearson) Read more: CNA »
Goodbye, 5BX: Army’s new strength-training exercises look to halve soldier injuries, improve form
SINGAPORE — A new set of stretching and strengthening exercises aimed at reducing injuries among soldiers will replace the longstanding
Shares of China Evergrande fall in early tradeHONG KONG : Shares of cash-strapped China Evergrande Group and its electric vehicle unit fell early on Wednesday after the country's state planner said it had advised companies in 'key sectors' to 'optimise' offshore debt structures.China Evergrande Group's stock dropped around 2per cent, while China Ever
Robinhood shares drop below IPO price in after-market trading on crypto slowdown:Robinhood Markets Inc shares fell below their initial public offering price in after-hours trading after the retail broker reported softer revenue than expected for the third quarter as trading levels for things like the cryptocurrency dogecoin eased.Shares of Robinhood were down 9.02per cent at US$36.00 fol
Facebook a 'propaganda tool' for Vietnam government, say activistsHANOI: Facebook in Vietnam has turned into a propaganda tool of the country\u0027s government, activists told AFP on Tuesday (Oct 26), after a report said that CEO Mark Zuckerberg had personally signed off on a push from Hanoi to limit \u0022anti-state\u0022 posts. The social networking giant has in recent years been a p Facebook favours all 'official' sources.
GM to resume limited production at EV plant in MichiganWASHINGTON : General Motors Co said Tuesday it will resume limited production for two weeks at its Orion Assembly plant in Michigan, which has been shuttered since August and builds the electric vehicle Chevrolet Bolt.The largest U.S. automaker in August widened its recall of the Bolt to more than 140,000