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CIMB–Vinashin Securities Company suspended from nothern bourse

Update: May, 25/2015 - 08:12

The State Securities Committee (SSC) decided last Friday to suspend CIMB-Vinashin Securities Company (VSC) from the stock market for six months, starting May 22. — Photo cafef.vn

HA NOI (VNS) — The State Securities Committee (SSC) decided last Friday to suspend CIMB-Vinashin Securities Company (VSC) from the stock market for six months, starting May 22.

SSC said that VSC had failed to comply with regulations issued by the Ministry of Finance. VSC failed to meet requirements regarding the company's minimum financial budget.

CIMB-Vinashin was once the one-member VFC Securities Company, set up by Vinashin Finance Company (VFC) with a chartered capital of VND300 billion (US$13.9 million).

Earlier this month, the Viet Nam Securities Depository (VSD) revoked VSC's membership licence. — VNS

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