ID :
15384
Sat, 08/09/2008 - 08:34
Auther :
Shortlink :
https://www.oananews.org//node/15384
The shortlink copeid
Joint-stock banks allowed to buy their own shares
HCM City (VNA)- Joint-stock banks are permitted to buy their own shares after registering to operate as public companies.
The State Bank of Vietnam (SBV) on August 7 made public the decision in an
office dispatch, codenamed 7138/NHNN-CNH, that includes the guideline on the
implementation.
Joint-stock banks will decide by themselves on buying back their shares
and be fully responsible for the risks possibly arising from their action,
said the SBV document.
The operations must run in line with SBV rules and other relevant
regulations, it concluded.--Enditem
The State Bank of Vietnam (SBV) on August 7 made public the decision in an
office dispatch, codenamed 7138/NHNN-CNH, that includes the guideline on the
implementation.
Joint-stock banks will decide by themselves on buying back their shares
and be fully responsible for the risks possibly arising from their action,
said the SBV document.
The operations must run in line with SBV rules and other relevant
regulations, it concluded.--Enditem
