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Update news securities companies
When VN-Index tumbled a number of years ago, it spelled trouble for many companies who had to delist. Some left the bourse, and the remaining who were considered the most resilient are now struggling to keep their heads above water.
Vietnam’s first exchange-traded fund makes debut; PM approves HCM City master plan; Sabeco seeks to lower State stake; Over half the securities companies suffer from losses; Apartment sector recovery continues
VietNamNet Bridge – Incurring big losses and heavy debts, securities companies still have to spend money to maintain their operation until the day they are allowed to “die.”
VietNamNet Bridge – The death of the first securities companies has been declared officially after they failed to struggle to survive. Many other companies, named in the black list, would have the same fate.
VietNamNet Bridge – The State Securities Commission (SSC) has placed nine securities firms under special surveillance, and five others under scrutiny.
VietNamNet Bridge – A lot of securities companies have been put on sale. These include the ones with bad financial situation, offered to be given away.
A new wave of big investors withdrawing capital from securities companies has been noted. Securities companies turn out to be not the geese that lay golden eggs as they previously thought.
Suspending the operation of securities companies is the heaviest handed punishment imposed on unprofitable companies. However, the punishment does not have much significance.
A lot of securities companies have reportedly left the market, while others are completing necessary procedures to end their operation.
VietNamNet Bridge – The Year of Dragon 2012, in Oriental philosophy, is a good year for businessmen. However, it turned out to be an unlucky year for many heads of securities companies.
The work of declaring death for securities companies would be accelerated to go at a highest ever speed, commencing from this month.