Reform on issuing share
03-OCT-2008 Intellasia | Thoi Bao Kinh Te Vietnam page 9
Oct 3, 2008 - 7:00:00 AM
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Under the new regulations in the Dispatch No 1977/UBCK-QLPH issued on September 30 by the State Securities Commission (SSC), public companies must only report to SSC, Ho Chi Minh Stock Exchange (STC) and Hanoi Securities Trading Centre (HaSTC) before offering shares to pay dividend, bonus shares and retailing shares.
From October 1, SSC would not issue approval document as for companies with enough applications.
As for deficient applications, SSC would issue document within 10 days when issuing shares to pay dividend and bonus shares and 20 days when retailing shares as from receiving document.
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