Quickly list shares on the stock exchange for the first time

(Baonghean.vn) - From November 1, 2016, Circular No. 115/2016/TT-BTC amending and supplementing a number of articles of Circular No. 196/2011/TT-BTC dated December 26, 2011 of the Ministry of Finance on guidelines for initial share sale and management and use of proceeds from equitization of 100% state-owned enterprises converting into joint stock companies officially takes effect.

» Nghe An joint stock company 6 special enterprises

Check the stock for the first time.

The most notable point in the revised circular is the provision linking auction activities at the Stock Exchange with the registration of shares trading of state-owned enterprises (SOEs) after equitization. The steps for conducting auctions and putting shares into trading after the auction are carried out similarly to when an enterprise auctions, converts into a joint stock company and puts shares into trading.

But the difference here is that the shares after the auction will be automatically registered for trading on UPCOM and the time to put the shares into trading is much shorter than before thanks to the automatic registration mechanism when the enterprise submits the IPO dossier. Therefore, within only 20 working days from the deadline for payment for buying shares through the auction, the procedure for putting shares into trading on UPCOM has been completed and investors who bought shares through the auction can trade shares on the UPCOM market.

These breakthrough changes in share auction activities contribute to protecting investors' rights, increasing the liquidity of auctioned shares, thereby increasing the attractiveness of auctioning enterprises, attracting more investors, and promoting the equitization process of state-owned enterprises.

Red River