HAG was the first company in Vietnam to have its bonds listed on an overseas exchange, and the withdrawal may give a negative impression to international investors.
According to a recent announcement by HAG, the delisting would help save the listing maintenance fee.
The number of the bond-holders was small as well as the number of bond-trading deals.
The five-year bonds were issued on May 20 last year and listed on SGX-ST on May 23, with an annual interest rate of 9.875 percent.
In March, HAG was downgraded to "negative" from previously "stable" by rating firm Fitch because of its real-estate products in stock that were worth 3.5 trillion VND (166.6 million USD) at the end of 2011, thus facing a credit risk.
The company said it had 313 billion VND (14.9 million USD) from issuing 10 million shares for its hydro-power business, and receivables of 560 billion VND (26.6 million USD) in the third quarter from a property-project sale, and receivables from apartment sales on installments.
According to the company, its liquidity would be ensured as a new hydropower project, the Ba Thuoc 2, will begin production at the end of this month.
In addition, its sugar plant and first rubber crop in Laos , together with its 2.2 trillion VND (as of June), will contribute to liquidity.
On August 17, HAG issued 850 billion VND (40.4 million USD) in domestic bonds, with three-year terms.-VNA
