Saigon General Trading Joint Stock Company (SPC) has recently issued a statement regarding the warning on its stocks. The main reason is due to the company’s financial difficulties, leading to a decline in quarterly profits and an increase in debt. SPC’s management has proposed several solutions to improve the situation, such as restructuring operations, cutting unnecessary costs, and enhancing internal controls. The company also stated its intention to work with banks and partners to adjust financial commitments, thereby stabilizing the situation and restoring investor confidence. SPC commits to making every effort to remedy this situation and achieve positive results in the near future.
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