Can Tho Mineral & Cement to delist from HNX

Can Tho Mineral & Cement JSC (CCM), has approved a plan to delist 4.6m shares from the Hanoi Stock Exchange (HNX).

The decision was made due to the company’s difficulties in operation and the low liquidity of its shares, CCM said in a statement sent to the bourse, Vietnam News Brief Service reported.

This year, CCM targets a net profit of VND10bn (US$471,600) and a dividend payout of 15 per cent of par value.