Public company under the Security Law 2019.

Multiple Choice

Law on Securities 2019 is stricter than Law on Securities 2006 in terms of contributed charter capital for a joint-stock company to become a public company.

• True

• False

Multiple Choice

A joint-stock company will become a public company if the company has ___

• contributed charter capital of at least 10 billion VND

• at least 10% of the voting shares are being held by at least 100 non-major shareholders

• contributed charter capital of at least 20 billion VND

• at least 15% of the voting shares are being held by at least 100 non-major shareholders

Multiple Choice

The profit requirements for public offering for a public company is that "The company has profit over the last ___ years and has no accumulated loss on the offering date".

• 2

• 3

• 4

• 5

Multiple Choice

The Board of Directors of a public company shall hold a meeting at least ___ per year following the procedures specified in the company's charter and the company's administration regulations.

• once

• twice

• three times

• four times

Multiple Choice

In a public offering, both a joint-stock company and a public company must have the contributed charter capital of at least ___ billion VND on the offering date according to the accounting books.

• 5

• 10

• 20

• 30

Fill in the Blanks

Difficulty in mobilizing large capital & Limited development ability:

Joint stock companies ... Public companies

Multiple Choice

Which of the following highlights the difference in the requirements for public offering by a joint-stock company compared to that by a public company?

• The charter capital has to be at least 30 Billion VND on the offering date.

• The company has profit over the last 02 years and has no accumulated loss on the offering date.

• The general Meeting Shareholders must approve issuance plans.

• The issuance shall be processed with Securities Company Consultation unless the issuer is already a securities company.

Multiple Choice

After ___ years from the first day of trading on the trading system for unlisted securities, the public company mentioned in Point a Clause 1 Article 32 Securities Law 2019 may apply for listing whenever all listing requirements are satisfied.

• 1

• 2

• 3

• 5

Multiple Choice

Public companies are obliged to report and disclose fully, accurately and promptly periodic and extraordinary information if such information is likely to affect stock prices, decisions of shareholders and investors;

• True

• False

Multiple Choice

On March 3, 2021, THACO did not meet the conditions because 100 investors who were not major shareholders held up to 3%, so THACO had to notify the State Securities Commission and submit preliminary documents on how to become a public company. After ___ year(s) from this date, SSC shall consider delisting it.

• 1

• 2

• 3

• 5