Are Non-freely Transferable Shares Allowed to be Offered to the Public?

View Post in Vietnamese: >> Cổ phiếu không tự do chuyển nhượng có được chào bán ra công chúng?

Currently, I hold a considerable amount of shares in company X, which is a public company. More than half of these shares are non-transferable, while the remainder are freely transferable. I would like to inquire whether I can offer all my shares to the public. Thank you.

Based on Clause 3, Article 13 of Decree 155/2020/ND-CP regarding the conditions for public offering of shares by shareholders of public companies, the provisions are as follows:

- The shares to be offered must be owned by the registered shareholder for the offering and must be freely transferable shares.

Therefore, you cannot offer non-freely transferable shares to the public but can only offer freely transferable shares if all conditions are met.

Sincerely!

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

Is Registration Required for Public Offering of Shares?

Deadline for Disclosure of Unusual Information by Enterprises in Bond Issuance

Deadline for Periodic Disclosure of Information Regarding Bond Issuance to Investors

Periodic Information Disclosure on Domestic Bond Issuance

Offering Securities Under a Court Judgment: Is Registration Required?

Which Types of Securities Can a Partnership Company Issue?

Responsibility of Bond Issuing Enterprises

Report Content Required from the Stock Exchange Regarding the Situation of Corporate Bond Issuance

Responsibilities of the Stock Exchange in the Issuance of Corporate Bonds

Vietnam: Report form on derivative trading

- This translation is generated by OpenAI's GPT-4o model;

- Lawnet's response to our user's question is provided above. If you need further information, please send an email to [email protected];

- This article is for reference only;

- The regulations referred to in this article might have been annulled by the time you read it;

- For inquiries about the copyright of this article, please send an email to [email protected];

Địa chỉ:	19 Nguyễn Gia Thiều, P. Võ Thị Sáu, Q.3, TP. Hồ Chí Minh
Điện thoại:	(028) 3930 3279 (06 lines)
E-mail:	[email protected]