BIDV INSURANCE CORPORATION ANNOUNCEMENT ON THE APPROVAL FOR LISTING ON HO CHI MINH CITY STOCK EXCHANGE (HSX)

                                BIDV INSURANCE CORPORATION ANNOUNCEMENT ON THE APPROVAL FOR LISTING ON HO CHI MINH CITY

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BIDV INSURANCE CORPORATION ANNOUNCEMENT ON THE APPROVAL FOR LISTING ON HO CHI MINH CITY STOCK EXCHANGE (HSX)

29/06/2011

                               

BIDV INSURANCE CORPORATION ANNOUNCEMENT ON THE APPROVAL FOR LISTING ON HO CHI MINH CITY STOCK EXCHANGE (HSX)

    On June 20, 2011, Ho Chi Minh City Stock Exchange (HSX) issued Decision No. 91/2011/QD-SGDHCM on the approval of share listing of BIDV Insurance Corporation (BIC), according to which BIC is allowed to list its 66 million shares totalling VND 660 billion in value, with a par value of VND 10,000 per share. On May 23, 2011, Vietnam Securities Depository (VSD) also issued  the Certificate No. 35/2011/GCNCP-VSD, which approves the registration of BIC security depository at VSD and the issuance of BIC ticker.

    According to the regulations, BIC shares will be listed within 90 days of securing HSX formal approval.  Mr. Pham Quang Tung, Board Chairman of BIC, said, “The main purpose of listing BIC shares is to create stock liquidity for investors and provide transparency with respect to our operating activities just as we have promised to our shareholders. We will determine an appropriate time within the allowable schedule to launch the official listing and trading on the HSX so as to ensure maximum benefits for our shareholders”. 

    On April 15, 2011, BIC fixed the final list of shareholders whose shares are to be registered for security depository at the VSD. From May 24, 2011 onwards, BIC shareholders can register for share depository at those securities firms where they have opened their accounts.

Place for obtaining the Prospectus:

SSI