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Cotton maker to trade again on stock market   2008-07-21 - ThanhNienNews

Trading in Bach Tuyet Cotton Corporation’s shares will resume today at the Ho Chi Minh Stock Exchange, the exchange said on its website.



Bach Tuyet, a manufacturer of medical cotton products, sanitary napkins and tampons, announced losses in 2006 and 2007, forcing the stock market watchdog to suspend trading of its shares on July 11.

But the exchange also said it would keep a close eye on the trading.

Bach Tuyet’s general director Ta Xuan Tho has said the firm will have to downsize operations if it has to repay its bank loans.

The firm’s plans to issue additional shares were rejected at a contentious shareholders’ meeting last week, raising a question mark over its very future.

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