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Large unlisted firms subject to new disclosure rules

Update: April, 12/2012 - 09:57

HA NOI — Large-scale unlisted companies will be treated as listed firms in terms of information disclosure from June.

According to the Ministry of Finance's Circular 52 on information disclosure within the stock market issued last week, unlisted firms with charter capital from VND120 billion (US$5.7 million) and more than 300 shareholders will follow regulations applicable to listed firms.

The Viet Nam Securities Depository will be in charge of naming relevant businesses.-VNS

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