HANOI, Oct 28 (Reuters) - Shares of Vietnam Airlines
will be limited from trading on the Hochiminh Stock
Exchange from Nov. 3, due to the flag-carrier's mounting losses,
the bourse said in a filing.
Vietnam Airlines' accumulated loss reach 17.7 trillion dong
($782.25 million) as of end-June, the exchange said, adding that
shares of the company will only be allowed to trade in the
second half of the trading day.
The company didn't immediately respond to a request for
Vietnam Airlines has been one of the hardest-hit firms in
Vietnam during the COVID-19 pandemic. The national flag carrier
is 86% owned by the state and plays a crucial role in the
Southeast Asian country's business and tourism economy.
The company last month raised $351 million from issuing new
shares to its existing shareholders, after signing deals in July
for loans worth $173.8 million from three local banks to shore
up its liquidity.
Japan's ANA Holdings has an 8.77% stake in Vietnam
Airlines, according to Refinitiv data.
(Editing by Martin Petty and James Pearson)