HoSE listed stocks start trading on HNX from March 29

Wednesday, Mar 24, 2021 07:04

A trader watching stocks on a screen. — Photo doanhnghiepvadautu.net.vn

The Ha Noi Stock Exchange (HNX) just announced a trading schedule of four companies transferring from the Ho Chi Minh Stock Exchange (HoSE).

According to the announcement published on HNX's official website, shares of Bibica Corporation (BBC) and Southern Seed Corporation (SSC) will start trading on HNX on March 29.

Meanwhile, the first trading day on the exchange for Ben Tre Aquaproduct Import And Export JSC (ABT)'s and Viet Nam Fumigation JSC (VFG)'s shares is April 1.

Under early guidance from the State Securities Commission of Viet Nam, transactions of shares, which are transferred to HNX from HoSE, only have to suspend for at least 3 working days and they will be traded on HNX on the fourth day since the last trading day on HoSE.

HoSE, HNX and Vietnam Securities Depository (VSD) have discussed and achieved a consensus on the transfer process to coordinate the share moves.

Accordingly, after receiving shares transferring registration documents from enterprises, HoSE will release the last trading day of the shares on HoSE, which is expected to take five working days from when the announcement is issued.

Then HNX will publish the first trading day on HNX, which is expected in the fourth day since the last trading day on HoSE, as well as receive profiles of transferred shares to monitor transactions and disclose information.

Based on the above content, VSD transfers data from HoSE to HNX and sets up a system for trading on HNX. Listed companies don't need to submit registration documents for transferring to VSD. — VNS

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