Posts Tagged ‘ The Otc ’

BUSINESS IN BRIEF 23/8

August 23, 2009
BUSINESS IN BRIEF 23/8

Ministry warns of fraud in Hong Kong; Shoe exports to drop to $4.6 billion this year; Vietnam’s Cavico plans to list shares on Nasdaq in September; UAE firm interested in HCMC elevated highway   Petrolimex seeks to end jet fuel monopoly in Vietnam      Vietnam’s top oil product importer, Petrolimex, has applied to become the second [...]

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Banks moving to list shares on HCM City exchange

August 17, 2009
Banks moving to list shares on HCM City exchange

LookAtVietnam – Shares in Eximbank, followed by three other banks, before long will be freely traded on HOSE.  This is a good time to list shares because the stock markets have recovered significantly.Until the beginning of the year, no commercial bank betrayed an intention to list their shares on the bourses except the two privatised [...]

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Investors adopt wait-and-see attitude to new exchange

June 29, 2009
Investors adopt wait-and-see attitude to new exchange

An investor fills in a transaction form at SME Securities in Ho Chi Minh City. Vietnam’s new exchange for informally traded stocks, known as UPCoM, is yet to lure investors who are waiting for more companies to trade on the floor to boost liquidity. Officials said the opening of the regulated over-the-counter (OTC) market last [...]

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Listing becoming fashionable

June 5, 2009
Listing becoming fashionable

Analysts have said that a new movement of companies listing on the bourse has kicked off. Forty-seven enterprises have reportedly applied to list on the Hanoi and HCM City bourses. Bao Viet Group plans to list on the bourse in 2009Vietinbank’s Chairman Pham Huy Hung has affirmed that the bank will hit the bourse in [...]

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OTC market: Tightened control will help?

May 21, 2009
OTC market: Tightened control will help?

VietNamNet Bridge – Scandals that have happened in the OTC market recently have made people think it is necessary to tighten control over the market. Most recently, the State Securities Commission SSC asked securities companies to report about the operations of OTC trading floors set up and run by the companiesMost recently, the State Securities [...]

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OTC market trouble fixed as buyer transfers money

May 11, 2009
OTC market trouble fixed as buyer transfers money

The chaos in the OTC market resulting from the troubled transaction of 1.5mil Military Bank shares is nearly at an end as the buyer has transferred the money and promised compensation for the delay in paying. The chaos in the OTC market resulting from the troubled transaction of 1.5mil Military Bank shares is nearly at [...]

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Vietcombank plans rights issue for small shareholders only

May 7, 2009
Vietcombank plans rights issue for small shareholders only

Vietcombank is seeking the central bank’s permission to make a rights issue for the benefit of the small shareholders who have seen their investment shrivel since the heady days of the bank’s IPO in 2007.  The proposal for the VND1.122- trillion (US$63.1 billion) rights issue, which will increase the number of outstanding shares by 9.28 [...]

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Hanoi OTC market chaotic on VND32bil in unpaid shares

May 7, 2009
Hanoi OTC market chaotic on VND32bil in unpaid shares

Several tens of investors who sold Military Bank (MB) shares on May 5 have not received money since they transferred the shares to the buyer’s account. A lot of investors yesterday gathered at MB’s office for shareholders and share management at No 16 Lieu Giai street in Hanoi to get more information about the MB [...]

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Vietcombank plans rights issue for small shareholders only

May 7, 2009
Vietcombank plans rights issue for small shareholders only

Vietcombank is seeking the central bank’s permission to make a rights issue for the benefit of the small shareholders who have seen their investment shrivel since the heady days of the bank’s IPO in 2007. The proposal for the VND1.122- trillion (US$63.1 billion) rights issue, which will increase the number of outstanding shares by 9.28 [...]

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Bourse rally boosts OTC bank stocks

March 30, 2009
Bourse rally boosts OTC bank stocks

An investor tracks share prices online at the Ho Chi Minh Stock Exchange Most of the unlisted bank stocks in Vietnam have ridden the back of the recent rallies on the formal stock exchanges in Ho Chi Minh City and Hanoi to record sizeable gains in their share prices. Rising from a common share price [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...