Vietnam Airlines shares face restrictions for delay in filing financial statements

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Vietnam Airlines’ HVN shares will see trading restrictions from May 12 for failure to file its results in time.

The carrier has been more than 30 days late in submitting its audited consolidated financial statements for 2022, the Ho Chi Minh Stock Exchange (HoSE) said in a statement.

At the end of March Vietnam Airlines had sought permission from HoSE to delay the submission, but its request was turned down.

Now its shares will not be traded for at least two days a week.

The airline said earlier this month that due to its ongoing restructuring, it needs more time to complete its financial statements.

If the company fails to submit them 45 days after the deadline, its shares will be restricted.

HoSE had warned in February that HVN could be delisted if it posted losses for 2022.

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