Vietnam Daily News

KDC raises room for foreign investors to 40.47pct from December 9

Written by Dailynews.vn Tuesday, 13 December 2011 18:45

Hochiminh Stock Exchange (STC) announced yesterday to adjust the holdings ratio (room) for the foreign investors in Kinh Do Joint Stock Co (coded KDC) from 34.66 percent to 40.47 percent, starting from December 9, 2011. The adjustment would be conducted pursuant the Document No 842011/KDC dated November 28, 2011, in which KDC announced to set the maximum holding ratio of KDC-coded shares that foreign investors can keep was 40.47 percent over the company's current chartered capital of over 1.195 trillion dong. The State Securities Commission (SSC) has also issued the Document No 4110/UBCK-PTTT dated December 6, 2011 approving for Kinh Do Group to set up maximum holding ratios for foreign investors at 40.47 percent in order to make sure that the foreigners can purchase sufficient shares in the coming share issuance of 20 million shares. Relating to this movement, the Vietnam Securities Depository Centre (VSD) has issued Document No 6554/VSD-DK dated December 8, 2011 adjusting to increase the room of foreign investors in KDC from 34.66 percent to 40.47 percent.

Source: www.intellasia.net/news/articles/stock_market/111350677.shtml