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Re: Lebbe1 post# 121298

Thursday, 04/20/2017 5:57:59 PM

Thursday, April 20, 2017 5:57:59 PM

Post# of 279258
Thanks for your DD Lebbe.

I think you (or Redskin) are correct. Here's an excerpt from the Wikipedia article about the Ho Chi Mihn Stock Exchange (HOSE)

The Stock Trading Center of Vietnam is also the official mechanism through which new government bonds are issued, and it functions as the secondary market for a number of existing bond issues. All securities traded on the Stock Trading Center of Vietnam are denominated in Vietnamese dong (VND). Par value is standardized at VND10,000 for equities and VND100,000 for bonds. Trading is conducted daily with two matching sessions: morning (9 a.m. - 11.30 a.m.) and afternoon (1 p.m. - 3 p.m.).

The State Securities Commission (SSC), a body established formally in 1996, is responsible for capital markets development, licensing of participants, and the issue and enforcement of regulations. A wide range of regulations, with significant input from multilateral bodies such as the International Finance Corporation, have been promulgated, including those dealing with such issues as insider trading, take-over trigger points and margin lending. To be listed, a company must have been profitable for at least 2 years, have a minimum capitalization of VND5b (approximately US$318,000), and have at least 50 shareholders who are not employees of the company, holding at least 20% of stake. Foreign invested joint venture companies are technically qualified to list, but to do so, they must be reorganized into joint stock company status. Companies intending to list must also submit to audit by an approved, independent auditing company.



https://en.wikipedia.org/wiki/Ho_Chi_Minh_City_Stock_Exchange

Thanks again!
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