DNVN - According to the announcement of the Ho Chi Minh City Stock Exchange, KPF shares of Koji Asset Investment Joint Stock Company will be transferred from restricted trading to suspended trading from February 26.
Ho Chi Minh City Stock Exchange (HoSE) has just issued an official dispatch announcing the transfer of KPF shares of Koji Asset Investment Joint Stock Company from restricted trading to suspended trading from February 26 according to Decision No. 104/QD-SGDHCM dated February 19, 2025 of the General Director of HoSE.
The reason is that the listed organization is more than 6 months late in submitting its audited semi-annual financial statements (SFS) after the prescribed deadline, which is a case where securities are suspended from trading according to regulations.
KPF shares are also being monitored under warning status according to Decision No. 167/QD-SGDHCM dated April 4, 2024 of the General Director of HoSE because the auditing organization has an exception audit opinion on the 2023 audited financial statements of the listed organization.
KPF stock price has slid down after increasing impressively 700% within 2 months from November 22, 2017 - January 11, 2018 down to VND 1,490/share at present, the lowest level in history.
Perspective of KPF's Takara Residence project.
Previously, on January 21, KPF issued a document explaining its plan to remedy the situation of its securities being warned. In the fourth quarter of 2024, the company achieved some positive financial results, including significant progress in debt collection and positive profit expectations from bond investments. However, some factors such as mandatory provisions have affected the overall business results, creating certain pressure on the financial statements.
Proposing solutions, this enterprise said that it will improve the quality of financial statements by completing the provisioning in accordance with legal regulations and accounting standards, ensuring that financial statements meet full audit quality. Accelerate debt collection as well as restructure the investment portfolio. At the same time, synchronously implement cost control measures, optimize internal processes and improve operational efficiency to improve profit margins.
Regarding the implementation roadmap, from the first quarter to the third quarter of 2025, focus on completing debt collection plans and reviewing and restructuring the existing investment portfolio to improve capital efficiency. From the third quarter to the end of 2024, promote investment in core business areas, and at the same time implement potential projects to create sustainable added value for shareholders and investors.
Regarding business performance, from the second quarter of 2023 to the fourth quarter of 2024, the company recorded no revenue, while financial revenue decreased by 30% compared to the same period, to VND 9 billion. In 2024, KPF accumulated to December 31, 2024, with a loss of nearly VND 277 billion.
Starting as a consulting company in June 2009, KPF has gradually expanded into the fields of construction material supply and production, construction and agricultural investment, financial investment and real estate. In 2016, KPF officially listed its shares on the Vietnamese stock market with the stock code KPF.
Thu An
Source: https://doanhnghiepvn.vn/kinh-te/chung-khoan/co-phieu-kpf-bi-dinh-chi-giao-dich-tu-ngay-26-2/20250221124930476
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