phuocpham
03-04-2009, 12:10 AM
The State Securities Commission (SSC (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=SSC&q=SSC" style="color: rgb(23, 50, 128); text-decoration: underline;" target="_blank))
has decided that companies have to move to other bourses to list their
shares if they cannot meet the requirements for chartered capital. But
no company wants to move from its familiar position.
Different points of view
“It is not so easy to move to other markets. In many
cases, people still go to old markets, though the markets are less
beautiful than new markets. It is a kind of culture and habit,” said
Nguyen Van Tuan, Chairman of Vinaconex, when he was asked if Vinaconex
intended to leave the Hanoi Securities Trading Centre (HASTC) for the
HCM City Stock Exchange (HOSE).
Tuan said that Vinaconex lists its shares at HASTC
because the corporation’s head office is in Hanoi, and that Vinaconex
does not have any intention to move to another bourse.
However, Asia Commercial Bank (ACB (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=ACB&q=ACB" style="color: rgb(23, 50, 128); text-decoration: underline;" target="_blank)),
whose head office is in HCM City, is still listing shares in Hanoi.
Though the bank can meet the requirements to list shares in HCM City,
it still has not thought of moving to the HCM City bourse.
Ly Xuan Hai, [url="http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=ACB&q=ACB" style="color: rgb(23, 50, 128); text-decoration: underline;" target="_blank">ACB General Director, said that
has decided that companies have to move to other bourses to list their
shares if they cannot meet the requirements for chartered capital. But
no company wants to move from its familiar position.
Different points of view
“It is not so easy to move to other markets. In many
cases, people still go to old markets, though the markets are less
beautiful than new markets. It is a kind of culture and habit,” said
Nguyen Van Tuan, Chairman of Vinaconex, when he was asked if Vinaconex
intended to leave the Hanoi Securities Trading Centre (HASTC) for the
HCM City Stock Exchange (HOSE).
Tuan said that Vinaconex lists its shares at HASTC
because the corporation’s head office is in Hanoi, and that Vinaconex
does not have any intention to move to another bourse.
However, Asia Commercial Bank (ACB (http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=ACB&q=ACB" style="color: rgb(23, 50, 128); text-decoration: underline;" target="_blank)),
whose head office is in HCM City, is still listing shares in Hanoi.
Though the bank can meet the requirements to list shares in HCM City,
it still has not thought of moving to the HCM City bourse.
Ly Xuan Hai, [url="http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=ACB&q=ACB" style="color: rgb(23, 50, 128); text-decoration: underline;" target="_blank">ACB General Director, said that