PAYMENT THE COSTS OF EQUITIZATION
This is one of the contents of the Circular No. 40/2018/TT-BTC of the Ministry of Finance on providing guidelines for initial offering of shares and management and use of proceeds from equitization of state-owned enterprises and single-member limited liability companies with 100% charter capital invested by state-owned enterprises.
Accordingly, for equitized enterprises running business in sectors or trades subject to Conditional Business Investment, the condition for selecting strategic investors in same business sectors or trades of such enterprises and other conditions must be considered and added in consistent with relevant law provisions.
There are 4 methods for initial offering of shares:
- Public auction;
- Direct negotiation;
- Issuance underwriting;
- Book-building.
Depending on the equitization plan approved by the representative authority, the steering committee shall instruct the equitized enterprise to launch the plan for initial offering of shares in the forms approved in the equitization plan.
Equitization expenses mean expenses calculated from the date of equitization decision to the official date of equitization. This expense will be covered by the proceeds from equitization.
This Circular issued on May 04, 2018 and takes effect on June 18, 2018.
