Garmex Saigon Corporation's GMC shares were subject to a mandatory delisting decision due to ceasing business operations for more than one year.
On December 27, 2024, the Ho Chi Minh City Stock Exchange issued a decision on the mandatory delisting of GMC shares of Garmex Saigon Corporation due to ceasing business operations for more than one year. Specifically, the company had temporarily suspended production and business activities from May 2023 to August 15, 2024, and did not generate any revenue or production costs, incurring only minor expenses for retained direct and indirect staff, as well as costs for maintaining and preserving fixed assets and inventory.
On December 27, 2024, the Ho Chi Minh City Stock Exchange issued a decision on the mandatory delisting of GMC shares of Garmex Saigon Corporation due to ceasing business operations for more than one year. Specifically, the company had temporarily suspended production and business activities from May 2023 to August 15, 2024, and did not generate any revenue or production costs, incurring only minor expenses for retained direct and indirect staff, as well as costs for maintaining and preserving fixed assets and inventory.
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