VKP: Discloses Current Situation

1. Trade and financial situation:

The firm posted losses in 2009 and 2010.

In its H1/2011 audited financial statements, short-term outstanding debts were biger than short-term total assets.

The firm continued to post loss of VND9.48 billion in Q3/2011, leading to the loss of VND30.86 billion in 2011. Its equity reached VND34.4 billion while charter capital was VND80 billion.

In Q3/2011, its sales increased 7% on year. However, the quarter also saw the old accumulative debts of VND150 billion and a 64% rise in selling expenses.

2. Current personnel

VKP’s current personnel includes CEO Nguyen Huy Phuong, HR Director Nguyen Minh Tien, Deputy Sales Director Nguyen Minh Son, Deputy Production-Technology Director Tran Hoang Dung, Chief Accountant Nguyen The Hung.

3. Currently, VKP stock is traded under supervision after being stopped trading due to the losses in 2009 and 2010.