Hoa Binh Construction, a leading Vietnamese construction firm, and Hoang Anh Gia Lai Agriculture, Vietnamese agriculture company, trading on the Ho Chi Minh Stock Exchange under the tickers HBC and HNG respectively, will be delisted on September 6th due to sustained losses, VnExpress has reported.
Following the delisting announcement, both stocks experienced sharp declines. HBC’s share price has plummeted by over 30 percent in just two weeks, while HNG’s share price dropped by more than 20 percent before partially recovering.
Delisted stocks are moved to the Hanoi Stock Exchange or Unlisted Public Companies exchange, but trading on these platforms can be risky. Due to limited information and a smaller trading pool, they can be more susceptible to speculation and price volatility. This can make it challenging to accurately assess a company’s value and increase the risk of investment losses.