The Ho Chi Minh Stock Exchange (HOSE) announced the delisting of AGM shares of An Giang Import-Export Corporation, with 18.2 million shares to be delisted effective May 9, 2025. This decision is due to AGM’s consecutive losses over three years based on the audited financial statements from 2022 to 2024, reporting a parent company net loss of 260 billion dong and negative equity of 243.76 billion dong. Previously, AGM’s accounts were frozen at three major banks. Once a leading rice exporter in Vietnam, the company faced challenges after its executive was prosecuted for market manipulation. Consequently, revenue plummeted by 69% in 2024 compared to 2023. Despite a recovering stock market, AGM’s shares remain at a historical low of 2,100 dong.
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