Guidance on Amending Orders for Purchasing Shares by Book Building Method

02:47, 11/07/2024

This is a noteworthy content stipulated in Circular 21/2019/TT-BTC providing guidance on the initial public offering and transfer of state capital by book building method.

According to the provisions of Circular 21/2019/TT-BTC, investors may change their purchase orders regarding price and quantity of shares as prescribed below:

- Before placing an order, the investor must cancel the old purchase order. The investor is only allowed to place a new purchase order after receiving confirmation of the old purchase order cancellation. The order placement time shall be calculated according to the time of the new purchase order;- In the event that the investor cancels the purchase order without placing a new one, the investor shall not be refunded the deposit;- If the investor places a new purchase order with a quantity larger than the old purchase order, the investor must supplement the deposit corresponding to the increased purchase quantity;- If the investor places a new purchase order with a quantity smaller than the old purchase order, the investor shall not be refunded the deposit corresponding to the decreased purchase quantity.

See the related regulations in Circular 21/2019/TT-BTC, effective from June 3, 2019.

- Thanh Lam -

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