VIW Joint Stock Company has sent an explanation letter regarding the reason why their stock has been placed on warning status. The main reason is that the company’s profits in recent years do not meet regulatory requirements, leading to concerns about financial operations. To address this situation, VIW has implemented specific measures aiming to improve business operations and increase revenue growth. Specifically, the company will adjust development strategies, reduce unnecessary costs, and seek new investment opportunities to enhance financial performance. VIW also commits to providing more frequent updates to shareholders and the market to restore investor confidence after the warning. The company is in the process of executing necessary reforms to demonstrate recovery potential in the future.
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