VNM – ownership rate of foreign investors

VNM – ownership rate of foreign investors
The State Securities Commission has informed of issuing and listing stock of Viet Nam Dairy Products Joint-Stock Company (VINAMILK) on the foreign market.

VINAMILK can issue the whole volume of additional issued shares, equivalent to 5% of current chartered capital. It will be deposited at Singapore Securities Depository which opens depositing account at Vietnam Securities Depository. Vietnam Securities Depository is responsible for supervising and maintaining ownership rate of foreign investors not exceeding 49% of chartered capital, in which Singapore Securities Depository will not hold exceeding 3% of chartered capital after issuance (not exceed total listing share volume on Stock Exchange of Singapore). Therefore, ownership rate of foreign investors on Vietnam stock market is 46% of chartered capital.(VSE)