What are regulations on trading in treasury shares at Ho Chi Minh Stock Exchange in Vietnam?

What are regulations on trading in treasury shares at Ho Chi Minh Stock Exchange in Vietnam?

In Article 25 of the Regulation on guiding securities trading at the Ho Chi Minh Stock Exchange together with Decision 02/2012/QD-SGDHCM regulating trading in treasury shares at Ho Chi Minh Stock Exchange is as follows:

25.1. Organizations listing the repurchase and sale of treasury shares on the trading system of the Ho Chi Minh Stock Exchange must comply with the provisions of the law, and comply with the regulations on stock trading issued by the Ho Chi Minh Stock Exchange. and regulations at Points 25.2, 25.3, 25.4 below.

25.2. In each trading day, the listed organization trading treasury shares is only allowed to place an order to buy back shares or sell treasury shares with the total order volume (excluding the order volume canceled by the listing organization). minimum 3% and maximum 5% of the volume applied for permission in the application to be submitted to the Ho Chi Minh Stock Exchange. Listing organizations wishing to trade with a volume exceeding 5% of the permitted volume in the application or to conduct large-lot transactions by the put-through trading method must be approved by the Ho Chi Minh Stock Exchange and the Ho Chi Minh Stock Exchange. report to the SSC at least one (01) day before the date the listing organization conducts the transaction. In case the volume that is still allowed to buy (or sell) is less than the minimum volume of 3% of the volume applied for permission in the application to be submitted to the Ho Chi Minh Stock Exchange, the listed organization may trade less than the minimum volume of 3%. 

25.3. When the listed organization trades treasury shares by order matching method, the bid price to buy back shares of the listed organization on the trading day is not greater than the reference price plus three (03) listing units; the bid price of treasury shares on the trading day must not be less than the reference price minus three (03) quote units.

25.4. When the listing organization buys back treasury shares by the agreed method, the exercise price must not be greater than the reference price on the trading day plus three (03) listing units. When a listing organization sells treasury shares by way of an agreement, the exercise price must not be lower than the reference price on the trading day minus three (03) quote units.

25.5. Listing organizations wishing to conduct treasury stock transactions that do not comply with the provisions of Points 25.2, 25.3, 25.4 above must obtain written approval from the State Securities Commission at least 3 working days before performing the transaction.

A listing organization may not arbitrarily change its intention or plan to buy back shares or sell treasury shares as reported and disclose information to the public, except in case of force majeure, it must report to the SSC at least. 3 working days before the company changes and must be approved by the SSC. The listing organization must disclose the reason on the mass media and at the same time report to the Ho Chi Minh Stock Exchange within 24 hours from the date of making a decision to change the plan to buy back or sell treasury shares.

25.6. The securities company/listing organization trades odd shares, buys back shares of employees under the employee selection program in the company, and the securities company corrects trading errors for its shares. the company itself… is also considered a treasury stock transaction and is done through the VSD. Securities companies/listed organizations report monthly results to the Ho Chi Minh Stock Exchange in accordance with the regulations on information disclosure issued by the Ho Chi Minh Stock Exchange.

25.7. Listing organizations that buy back odd-lot shares from investors to make treasury shares comply with current law provisions.

What are unentitled trading symbols at Ho Chi Minh Stock Exchange in Vietnam?

In Article 26 of the Regulation on guiding securities trading at the Ho Chi Minh Stock Exchange together with Decision 02/2012/QD-SGDHCM stipulating unentitled trading symbols at Ho Chi Minh Stock Exchange as follows:

On ex-dividend trading days, the Ho Chi Minh Stock Exchange will publish the following trading symbols on the trading system and on the Online Newsletter of the Ho Chi Minh Stock Exchange for the following types of securities:

Symbol	Explain
XD	Ex-dividend trading of stocks and fund certificates.
XR	Exemption transactions, right to receive bonus shares, right to receive dividends in shares or fund certificates.
DISTANT	In the case of XD and XR of the same stock, the fund certificate occurs on the same trading day.
XI	The transaction does not earn bond interest.

 

What are regulations on warning, control, suspending, delisting for listed securities at Ho Chi Minh Stock Exchange in Vietnam? 

In Article 27 of the Regulation on guiding securities trading at the Ho Chi Minh Stock Exchange together with Decision 02/2012/QD-SGDHCM stipulating warnings for listed securities at Ho Chi Minh Stock Exchange as follows:

Securities subject to warnings under the regulations on securities listing are shown by the warning symbol "DS" on the Online Bulletin of the Ho Chi Minh Stock Exchange.

In Article 28 of the Regulation on guiding securities trading at the Ho Chi Minh Stock Exchange together with Decision 02/2012/QD-SGDHCM, stipulating transaction control for listed securities at Ho Chi Minh Stock Exchange is as follows:

28.1. Securities subject to control according to regulations on securities listing regulations or transaction supervision regulations are represented by the control symbol "C" on the Online Bulletin of the Ho Chi Minh Stock Exchange.

28.2. Controlled securities can only be traded during the period of periodic order matching to determine the closing price according to the method of order matching and agreement.

In Article 29 of the Regulation on guiding securities trading at the Ho Chi Minh Stock Exchange together with Decision 02/2012/QD-SGDHCM providing for the suspension of trading of listed securities at Ho Chi Minh Stock Exchange as follows:

29.1. The Ho Chi Minh Stock Exchange may decide to suspend trading for a type of securities in accordance with the current securities listing regulations or transaction supervision regulations.

29.2. In case the suspension of trading does not exceed one (01) trading session, the symbol of trading suspension on the trading system and on the Online Newsletter of the Ho Chi Minh Stock Exchange is "H".

29.3. In case of suspension of trading from two (02) or more trading sessions, the symbol for suspension of trading on the trading system and on the Online Newsletter of the Ho Chi Minh Stock Exchange is "S".

29.4. Securities suspended from trading will be allowed to trade by the Ho Chi Minh Stock Exchange after meeting the provisions of the current securities listing regulations or securities supervision regulations.

In Article 30 of the Regulation on guiding securities trading at the Ho Chi Minh Stock Exchange together with Decision 02/2012/QD-SGDHCM providing for the delisting of listed securities at Ho Chi Minh Stock Exchange is as follows:

30.1. In case securities subject to voluntary de-listing or securities subject to compulsory de-listing according to regulations on listing of securities on the Ho Chi Minh Stock Exchange, the listing of such securities will be delisted on the system. transaction.

30.2. Securities subject to delisting are represented by the symbol "D" on the trading system.

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