Regulations on selling shares in blocks

The Decision prescribes determination of starting prices and organization of auctions for selling shares in blocks as follows:

- The starting price of a block of shares is equal to the starting price of a share multiplied by (x) the quantity of shares in a block.

- The starting price of a share is determined according to the valuation result given by a valuation organization.

- According to the Decision to approve the plan for selling shares in blocks issued by a competent authority and regulations on selling shares in blocks, the owner’s representative agency, the Chairperson of the Board of members, the President of the enterprise shall request the representative to cooperate with Stock Exchange in formulating the enterprise’s own regulations on selling shares in blocks.

Information shall be published for at least 20 days.

Decision No. 41/2015/QĐ-TTg comes into force from the day on which it is signed.