OTC Market News

Trading OTC Stock Market News

Trade LTCUSD, Bitcoin and Cryptocurrencies

BUY & SELL LTCUSD | View LTCUSD News & Updates


Buy Sell LTCUSD, Bitcoin and Cryptocurrencies

Market for unlisted firms set to open in Hanoi   2009-05-05 - TN

A new trading floor for unlisted public companies will open in June, the Hanoi Securities Trading Center has said.
Trading on the UPCoM market will be from 10 a.m. to 3 p.m., with a two-hour break from 11:30 a.m.

Settlement will be T+3 while approval to list will be granted within five days.

“The new market is part of government efforts to help regulate the trade of shares of unlisted companies,” Dow Jones Newswires quoted an unidentified senior official at the State Securities Commission as saying.

The government has said it will increase the limit on foreign ownership in unlisted joint-stock companies to 49 percent from the current 30 percent, starting June 1.

In banks, however, the cap will remain 30 percent.

Almost 2,000 public companies are traded on the unregulated over-the-counter market, Vu Bang, chairman of the State Securities Commission told Bloomberg last month


Other news

Cai Lan port receives biggest container vessel   2009-05-05

April 24: HaSTC-Index closed the winning week at 115   2009-04-29

Vietcombank to list shares on HOSE   2009-04-29

Sacombank Q1 net profit down 17 pct on year   2009-04-29

Bonds gain on bleak economic outlook; dong advances   2009-04-29

Loan subsidies fuel credit, raise risks, Citigroup says   2009-04-29

Textile exports to Japan buck slump   2009-04-29

Bien Hoa Sugar expects to become profitable in 2009   2009-04-29

HSBC: some quality companies now look attractively valued   2009-03-06