LBO Home IndoChina | About Us | To Advertise | Contact Us rss LBO Mobil rss rss rss rss rss
Australia won 2015 Cricket World Cup with a 7 wicket victory over New Zealand | Facebook to focus on three themes in 2015: Zuckerberg | Sri Lanka’s President Sirisena calls for a new thinking on Asian growth strategy | Sri Lanka to ease entry barriers for FDI: Ravi Karunanayake | Sri Lanka new rulers to get Chinese support | Sri Lanka sells $100mn of 5 year development bonds; rejects all bids at 2 and 3 years | Fitch affirms HSBC Sri Lanka branch at 'AAA(lka)'; outlook stable | Sri Lanka Freedom Party yet to decide a disciplinary action who participated pro-MR rally | Sri Lanka's President appoints a new law commission | Sri Lanka’s NDB-DFCC merger awaiting new regime’s go ahead | Ultra small computer by Intel; first look in Sri Lanka | Sri Lanka's micro-finance sector to access CRIB through a new regulation | Sri Lanka to get Chinese funded hospital for kidney patients; China to support SL on alleged human rights issues | Sri Lanka Siyapatha Finance PLC rated 'A(lka)' with a stable outlook : Rating agency | Sri Lanka’s AMW Capital Leasing and Finance upgraded to 'BBB+(lka)' : Fitch Ratings                                          
Mon, 30 March 2015 05:47:56
Vietnam issues new rules on state firm IPOs
13 Feb, 2012 19:24:10
HANOI, Feb 13 (AsiaPulse) - A Ministry of Finance circular providing guidelines for the initial public offering (IPO) of equitised State-run companies will go into effect on February 15.
Expenses for the equitisation of an enterprise valued at over 100 billion VND (4.76 million USD) should not exceed 500 million VND (23,800 USD), the circular stipulates.

The maximum expense levels are 400 million VND for a company valued between 50 billion VND and 100 billion VND, 300 million VND for 30 billion VND to 50 billion VND, and 200 million VND for below 30 billion VND.

Share prices will be determined at auction, with an initial price no lower than the face value of 10,000 VND per share.

Prices of preferential shares reserved for company employees can comprise as much as 60 per cent of the lowest winning bid, if a company hold public auctions before selling stakes to its strategic partners.

If the company sells shares before organising public auctions, preferential share prices can comprise as much as 60 per cent of the lowest price determined through negotiation or bids with strategic partners.

A State-owned company must complete the IPO within three months of the day its equitisation plan is adopted by authorities, the ministry stipulates. Affiliates and subsidiaries are not allowed to take part in the IPO of their parent company. (VNA) nt
Your Comment
Your Name/Handle
Your Email (Your email will not be displayed)
Location
Country
Your Email
Receivers Email
Your Comment