What is Upcom? Procedures for applying for trading on Upcom xem bóng đá trực tiếp vtv2 Vietnam

Hello, Lawnet would like to answer as follows:

1. What is Upcom?

Upcom is an acronym for Unlisted Public Company Market, established xem bóng đá trực tiếp vtv2 2009 by the Hanoi Stock Exchange. Upcom is a stock trading market for limited liability companies or unlisted joint-stock companies. When a company's shares have not been registered or do not meet the conditions for listing on the HoSE and HNX exchanges, they will be traded here.

What is Upcom system?

According to the provisions of Clause 35, Article 3 ofDecree No. 155/2020/ND-CP, the Upcom system is as follows:

“Upcom” is a system organized and operated by stock exchanges xem bóng đá trực tiếp vtv2 trading of unlisted securities.

Types of stocks on Upcom include:

- Upcom Large: This is a group of companies with the largest capitalization on Upcom.

Companies xem bóng đá trực tiếp vtv2 this group have equity of at least VND 1,000 billion.

- Upcom Medium: This group includes companies with capitalizations ranging from 300 billion to less than 1,000 billion VND.

- Upcom Small: This is a group of companies with a smaller capitalization of less than 300 billion VND.

2. Procedures for applying for trading on Upcom xem bóng đá trực tiếp vtv2 Vietnam

According to the provisions of Article 135 ofDecree No. 155/2020/ND-CP,the procedures for applying for trading on Upcom xem bóng đá trực tiếp vtv2 Vietnam are as follows:

- Within 05 working days from the receipt of the satisfactory application (or the Certificate of Securities Registration xem bóng đá trực tiếp vtv2 the case specified xem bóng đá trực tiếp vtv2 Point a Clause 3 Article 134 ofDecree No. 155/2020/ND-CP), the Stock Exchange shall issue a decision to approve the registration and disclose information on the market.

- Within 10 days from the day on which the Stock Exchange issues the decision to approve the registration, the issuer shall put its shares into trading on Upcom.

- If equitization is associated with registration, depositing, registration for trading, the procedures shall be carried out xem bóng đá trực tiếp vtv2 accordance with regulations of law on equitization of state-owned enterprises, wholly state-owned single-member limited liability companies and public service providers.

Thus, the Stock Exchange will have a decision to approve the trading on Upcom within 5 days if the dossier is complete and valid or from the date of receiving the Securities Registration Certificate. Within 10 days from the approval decision, the issuing organization is responsible xem bóng đá trực tiếp vtv2 placing the shares xem bóng đá trực tiếp vtv2 trading on Upcom.

3. Cases of deregistration of securities on Upcom xem bóng đá trực tiếp vtv2 Vietnam

Securities shall be deregistered xem bóng đá trực tiếp vtv2 the following cases:

- The registered organization is delisted according to SSC’s notification;

- The registered organization ceases to exist due to reorganization, dissolution or bankruptcy;

- The Certificate of Enterprise Registration, establishment and operation license or an equivalent document of the registered organization is revoked;

- The registered organization is listed at the Stock Exchange;

- The equitized enterprise is not qualified as a public company after 01 years from the first trading date as prescribed xem bóng đá trực tiếp vtv2 Point a Clause 1 Article 32 of thexem bóng đá trực tiếp nhàand has not received a confirmation of public company registration from SSC;

- Other cases xem bóng đá trực tiếp vtv2 which deregistration is deem necessary by the Stock Exchange or SSC to protect the interests of investors;

xem bóng đá trực tiếp vtv2 addition, the Stock Exchange shall issue the decision on deregistration and disclose information on the market.

(pursuant to Article 137 ofDecree No. 155/2020/ND-CP)

Best regards!

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