Incorporation of a Joint-Stock Company and sale of shares

Hi DMS Lawyer in Vietnam! Coud you advise me about how to incorporate a joint stock company in Vietnam ? Who can decide on the time of sale and selling price of shares ?

Hi!

Procedure to incorporate a joint stock company in Vietnam:

Set up a joint-stock company in Vietnam

Sale of shares in a joint-stock company:

The Board of Directors shall make a decision on the time and method of selling shares and selling price of shares. The selling price of shares must not be lower than the market price at the time of offer for sale or the book value of shares at the most recent time, except for the following cases:

Shares are initially offered to persons not being founding shareholders;

Shares are offered to all shareholders in proportion to the respective number of shares they hold in the company;

Shares are offered to brokers or underwriters. In this case, the specific amount or discount rate must be approved by the General Meeting of Shareholders, unless otherwise stipulated in the Company’s Charter;

Other cases and the discount rate in such cases as stipulated in the Company’s Charter (Article 125 Law on Enterprises No.68/2014/QH13 dated 11/26/2014).

Related topics:

Set up a shareholding company, partly owned by foreign investors in Vietnam.

Set up a joint-stock company and offer to sell shares in Vietnam

Capital of joint-stock companies in Vietnam

Consulting services:

Phone: 0914 165 703 or email: dmslawfirm@gmail.com

Incorporation of a Joint-Stock Company and sale of shares