An Giang Import-Export Company (stock code AGM) will face mandatory delisting due to financial violations. HoSE announced that AGM is under supervision for cumulative losses exceeding its charter capital. According to the 2024 financial report, AGM incurred a net loss of nearly 260 billion VND, resulting in a negative equity of 243.76 billion VND. This marks the third consecutive year of losses for AGM, with revenue plummeting by 69% compared to the previous year. Once a leading rice exporter in Vietnam, AGM’s troubles began when investor Đỗ Thành Nhân was prosecuted for market manipulation, severely impacting the company’s operations. As of April 1, AGM’s stock price dropped to 2,790 VND.
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