HNX amended the regulation on securities listing
January 2017: 38 newly registered enterprises on UPCoM | |
In December 2016, transaction value of UPCoM increased by 36.94% | |
Hanoi Stock Exchange has new regulation about release of information |
Illustrated photo |
According to the HNX, the new listing regulation has updated and amended inappropriate provisions and added some new provisions to better monitor the market and give more specific guidance to enterprises, facilitating the enterprise in the implementation and contributing to improving transparency in the market.
Regarding the regulation on listing registration and change of listing registration. The Regulation has supplemented listing provisions for consolidated and mergered companies, and amended and supplemented provisions on criteria and dossiers for listing, order and procedures for listing registration in accordance with the provisions of Circular 29 / 2017TT-BTC and the reality in the process of new dossiers of listing registration and change of listing registration.
Accordingly, in cases where parties involved in the merger and consolidation have listed their securities and have positive ROE (Return on equity), they only carry out procedures for change of listing registration. In cases where at least one of the companies involved in the merger and consolidation has not yet made the securities listing registration on the Stock Exchanges, the listing registration or change of listing registration must abide by the provisions in Decree No. 58/2012 / ND-CP.
Regarding the listing registration procedures, the HNX stipulates that: if an organization of securities listing registration has subsidiaries, it must submit financial statements of the parent company together with the consolidated financial statements as prescribed by the law on accounting. If an organization of securities listing registration have its subordinates, it must submit general financial statements according to the provisions of the law on accounting.
Regarding the management of listed companies, the new regulation added provisions that if the securities of the companies are subject to be controlled or have temporarily ceased transaction, those companies have to explain the reasons for the temporary suspension of securities transaction and disclose information at the request of the Stock Exchange. Based on the explanation of the listed company, the Stock Exchange shall consider and permit the securities listing or transfer into the warning and control until the reasons for the suspension of the transaction are completely removed.
Over US$400 million raised from G-bonds in November The Hanoi Stock Exchange HNX announced it had mobilised more than 9 15 trillion VND 403 million ... |
Particularly, the new regulation added provision on the transfer of securities listing from HNX into the Ho Chi Minh City Stock Exchange and vice versa. Accordingly, in order to transfer the listing, listed companies must meet the listing conditions of the receiving Stock Exchange. Within 5 work days after receiving full and valid dossiers, the receiving Stock Exchange shall be responsible for approving or refusing the change of listing registration.
Related News
Effective inspection and supervision - a key factor for a transparent stock market
11:41 | 06/04/2024 Finance
Many positive signals from stock market upgrade
10:06 | 08/04/2024 Finance
Pressure on Corporate bond maturity will fall in mid-2024
20:10 | 07/04/2024 Finance
Vietnamese stocks on FTSE Russell waiting list for upgrading
10:41 | 04/04/2024 Finance
Latest News
Old loans must endure higher interest rates temporarily: central bank
15:44 | 19/04/2024 Finance
State-owned enterprises flourished
14:15 | 19/04/2024 Finance
Forum discusses support for women-owned firms to join supply chains
17:41 | 18/04/2024 Finance
Ensure savings and prevent losses in disbursement of public investment
10:24 | 18/04/2024 Finance
More News
Implementing unprecedented fiscal policies to actively support people and businesses
16:25 | 17/04/2024 Finance
Foreign investors net sell in Vietnamese market, banking sector attracts interest
16:13 | 17/04/2024 Finance
Banks record positive business indicators in Q1 2024
14:20 | 16/04/2024 Finance
The finance sector focuses on perfecting institutions, ensuring financial discipline, and budgetary rigor
10:00 | 16/04/2024 Finance
IASB recommends Vietnam prepare infrastructure to apply IFRS
09:57 | 16/04/2024 Finance
Strong decentralization for ministries, branches and localities to manage and use electricity projects
10:50 | 15/04/2024 Finance
The Tax sector’s revenue collection reached 33% of current appropriation
10:50 | 15/04/2024 Finance
Savings interest rates begin rising amid slowing bank deposits
17:58 | 14/04/2024 Finance
Ministry of Finance conducts general verification of public assets
17:07 | 14/04/2024 Finance
Your care
Old loans must endure higher interest rates temporarily: central bank
15:44 | 19/04/2024 Finance
State-owned enterprises flourished
14:15 | 19/04/2024 Finance
Forum discusses support for women-owned firms to join supply chains
17:41 | 18/04/2024 Finance
Ensure savings and prevent losses in disbursement of public investment
10:24 | 18/04/2024 Finance
Implementing unprecedented fiscal policies to actively support people and businesses
16:25 | 17/04/2024 Finance