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)
Monday, January 7, 2008
VNM – ownership rate of foreign investors
VNM: Vinamilk alters cap for foreign owners
Vinamilk alters cap for foreign owners
07/01/2008 -- 11:37 AM
HCM City (VNA) – The Viet Nam Dairy Product Company will lower the cap for foreign ownership of its stock on the HCM City Stock Exchange in compliance with securities regulations limiting foreign stock ownership to 49 percent.
The company will reduce the cap from 49 to 46 percent, HoSE said in a recent statement. The three point reduction comes after Vinamilk committed 3 percent of its foreign-owned stock to the Singapore Depository Centre as part of an overseas share-listing agreement.
As a term of the State Securities Commission’s approval for Vinamilk to list shares overseas, Vinamilk is only allowed to list overseas a quantity of shares equal to 5 percent of the company’s charter capital at the time of issuance.
The shares will be deposited at the Singapore Depository Centre. As per the agreement, the Singapore Depository Centre will be able to hold shares worth up to 3 percent of Vinamilk’s charter capital after the company begins listing shares on the Singapore Stock Exchange.
Vinamilk was one of the first domestic enterprises approved to list shares overseas in the 2008-09 period.
The corporation plans to issues 8.85 million shares overseas, worth a total of 88.52 billion VND, it said in its proposal statement to the HoSE.
Mai Kieu Lien, general director of Vinamilk, said that the listing overseas would help the company mobilise more capital for its projects during 2008, as well as to expand its business worldwide.
She pledged to carry out the listing as soon as possible, right after the company has completed all legal procedures.
Vinamilk on January 4 closed downed by 1.22 percent to 162,000 VND, with 98,260 units traded.-Enditem
Sunday, January 6, 2008
VNM: Information of the percents that foreign investors recently own
VNM: Information of the percents that foreign investors recently own
Enterpreted from www.vse.org.vn
According to No1344/UBCK-TTTT of the State Securities Commission, Vinamilk is approved to issue all the additional shares (equivalent to 5% charted capital) on the overseas exchange and is approved to deposit through the secondary accounts of Singapore Securities Depository which are directedly created at Vietnam Securities Depository.
Vietnam Securities Depository take the duty of supervision so that the percents owned by foreigners don’t exceed 49% (including: the percents owned by Singapore Securities Depository don’t exceed 3% after issuance and don’t exceed the percents listing on Singapore Securities Exchange)
Therefore the percents of foreigners on Vietnam Securites Exchange now is 46%
Implementing the content in No1344/UBCK-TTTT, on Jan 04,2008 Vinamilk have sent document to announce that the change date of the room for foreigners on HoChiMinh Securities Exchange (HOSE) in to 46% of charted capital is Jan,07,2008.