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Banking & Finance

HoSE to double charter capital

Released at: 10:32, 22/06/2015

HoSE to double charter capital

PM gives go-ahead to HCMC exchange raising its charter capital to $92.5 million.

by Minh Tien

The Prime Minister issued Decision No. 21/2015/QD-TTg on June 21 allowing the Ho Chi Minh City Stock Exchange (HoSE) to increase its charter capital by 100 per cent to VND2 trillion ($92.5 million) on August 8.

HoSE can raise its chartered capital using State budget funds, its own after-tax profit, and other sources.

Last Friday HoSE started its weekly Friday afternoon talk show with investors, which will run for three months initially and connect listed companies with their investors and provide new information and business strategies. 

Listed companies, securities companies, and investors will talk about business results, financial reports, and other topics relating to the securities market and listed companies.

Over the next three months 13 companies will talk to investors, including the HCM Securities Joint Stock Company (HCM), Vietcombank (VCB), the PetroVietnam Gas Corporation (GAS), the Vietnam Dairy Products Joint Stock Corporation (VNM), and the Vingroup Joint Stock Company (VIC).

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