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Home Stocks & Market Stocks & Securities ACB Growth Fund gets in principle approval for listing

ACB Growth Fund gets in principle approval for listing

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Hochiminh Stock Exchange (STC) on December 13 approved in principle for ACB Growth Fund (ACBGF) to list 24 million fund certificates. In order to complete the procedures for formal listing decision, ACB Fund Management Ltd Co (ACBC) must finalise documents as required by regulations. ACBGF is a close-ended fund with a chartered capital of 240.08 billion dong and operation lifespan of five years starting from 2011 monitored by Standard Chartered (Vietnam) one-member Ltd Bank. The fund focuses on sectors such as financial-banking services (20 percent), materials - mining (20 percent) and infrastructure - real estate. This will be the sixth fund certificate to be listed on the southern bourse after MAFPF1, PRUBF1, VFMVF1, VFMVF4 and VFMVFA.

Source: www.intellasia.net/news/articles/stock_market/111350804.shtml


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