Exciting bid Vietnam Securities

  Foreign investors consider investing in small brokers an opportunity to approach this field in Vietnam. However, a successful purchase Securities is not simple.


    Two unsuccessful business


    5/2012 of the Japan Securities Securities and Arts Co., Ltd. Vietnam Investment Partners approached Vietnam National Securities Corporation to buy the company. It takes about half a year to pursue, the acquisition of Vietnam National Stock seemingly coming to an end, it is also at a number of issues arise, causing investors refuse to buy.


    After the acquisition of National Securities Vietnamese unsuccessful, the next target of two investors in the Securities said VIT (VIT Securities). On 02/05/2013, the website of the State Securities Commission to disclose information about the Commission approved the transfer of 100% of the capital from shareholders VIT group Securites. The assignee is Arts Securities (bought 19.9% ​​stake), Vietnam Investment Partners (purchased 75.1% stake) and Pham Dinh Quy (buy 5% stake). With this information, people thought everything was finalized agreement, VIT Securities on the new server, but a source of investment in securities, said the deal so far failed.


    "Maybe because of the low price that the shareholders of ENG Securities rethink, because new investors purchasing the Securities present mainly permit to buy a company," the source said.


    After the acquisition of shares in the Securities is not successful VIT, information brokers buy in bulk is the broker offered to the market, focusing on small brokers.


    "A long time ago I saw active bidding such Securities. The last time was the period in 2009, "one broker said in this regard.

         Securities investors are afraid of the financial situation is not clear - Photo by Hoai Nam


    The two main reasons


    In fact, the story of the Arts and the Vietnam Securities Investment Partners is just one example of the many efforts to purchase Vietnam's Securities and foreign investors. From the second half of 2012, the stock market has seen many changes in major shareholders in the Securities, as the Vietnam National Securities, Hung Securities, Securities Asia, Vietnam International Securities, Securities Vina ... These are Securities Disclosure transfer of shares. In addition to this company, Investment Securities also noted a number of cases to date have been to 2 times "transfusion" of shareholders, but not to disclose information. We can say the transfer market brokers are becoming increasingly active. However, to buy a complete Securities is not simple, in addition to the story "upon purchase, has sold".


    In a case that recognized Investment Securities, Securities purchases after a long time to learn, negotiations failed because the buyers are foreign investors only negotiate the acquisition of the 80% capital of the company. Meanwhile, Vietnam has no provisions allowing foreign investors to own more than 49% and less than 100% stake in the Securities. Do not find a common voice from the shareholders decided to sell Securities in shares, new investors had to give it, because one of the important conditions for the investors to purchase Securities (whether domestic or foreign investors) is to buy whole capital, or at least the dominant buyers.


    The second reason leading to failure of the Securities acquisitions as new investors, especially foreign investors, rather shy with the financial problems of the outstanding Securities of the old stage. In many securities companies, fund shareholders want to sell, willing to negotiate price, but because the company has no clear financial terms, or that are in dispute, making foreign investors wary, cautious.