boiman
16-04-2009, 09:48 AM
Listed companies are insisting on the amendment of the provision of the law which stipulates that the number of shareholders present at first shareholders’ meetings must represent at least 65% of total shares.
The listed companies have asked the State Securities Commission to propose the National Assembly amend the Enterprise Law’s provision on the rate of shares represented at first shareholders’ meetings.
They say the rate of 51% is more reasonable, especially as Vietnam’s WTO commitments also say the necessary rate is 51%.
Nguyen Kim Long, a lawyer of the Saigon Securities Incorporated ([url="http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=SSI&q=SSI" target=_blank>SSI), said that REE and
The listed companies have asked the State Securities Commission to propose the National Assembly amend the Enterprise Law’s provision on the rate of shares represented at first shareholders’ meetings.
They say the rate of 51% is more reasonable, especially as Vietnam’s WTO commitments also say the necessary rate is 51%.
Nguyen Kim Long, a lawyer of the Saigon Securities Incorporated ([url="http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=SSI&q=SSI" target=_blank>SSI), said that REE and