LISTING CONDITIONS FOR ENTERPRISE CONSOLIDATION
On May 29, 2013, the Ministry of Finance issues the Circular No. 73/2013/TT-BTC detailing some articles on securities listing at the Decree No. 58/2012/ND-CP dated July 20, 2012 of the Government stipulating in detail and guiding the implementation of a number of articles of the securities Law and the law amending and supplementing a number of articles of Securities Law.
Conditions for listing shares of companies formed after enterprise merge as: If the company receiving merge and the merged companies are companies listing at the Stock Exchange (SE) of Ho Chi Minh city, the company formed after merging must implement registration for modification of listing; if the company receiving merge is the listed company and the merged companies are not companies listing at the Stock Exchange (SE) of Ho Chi Minh city, the company formed after merging will company formed after merging will be entitled to implement registration for listing to supplement the swap shares of the merged company, however, if the company receiving merge is company listing at the Stock Exchange (SE) of Hanoi and the merged companies are companies listing at the Stock Exchange (SE), the company formed after merging must implement registration for modification of listing and if the company receiving merge is the listed company at the Stock Exchange (SE) of Hanoi, but the merged companies are not companies listing at the Stock Exchange (SE), the company formed after merging will be entitled to implement registration for listing to supplement the swap shares of the merged company.
This Circular takes effect on July 15, 2013.
