Vietnamese manufacturing, processing and export (00422.HK)The privatization plan failed. The stock reversed its two-year high and rampant trend of more than three months. Today, it quickly fell below the five moving averages (0.27-0.42 yuan). The lowest was 0.213 yuan. The stock price before privatization was temporarily stabilized at 0.171 yuan before privatization. The stock price was now 0.216 yuan, a sharp drop of 50%, and transactions surged to 25.45 million shares.

Vietnam Manufacturing and Processing announced that the privatization plan proposed by the relevant controlling shareholder Sanyang Industrial through an agreed arrangement was not approved by a majority of independent shareholders attending the court session in person or through appointed representatives (that is, no less than 75%). Therefore, the privatization of the plan will not be carried out and has expired, and the shares will remain listed on the Stock Exchange. (sz/k) (Quotation delayed at least 15 minutes.) ASDAQ Financial News