New breakthrough in restructuring Securities

 
Securities screening process weaknesses were the first results. Six months of the year, is expected to have more names on the market brokers disappear.



    On 19/6 last Bank Securities Sacombank (SBS) has published information on the record date for comments shareholders approved the plan to merge Southern Securities (PNS) . This is not new information, the forecasting ability of SBS to merge / merge with PNS had tingling on the market nearly two months ago. However, to move on, find direction problem for SBS after stage 1 reconstruction (reconstruction property, operations) has officially been answered.

                                   SBS opinions through consolidation plan with PNS



    If the SBS than 1 year ago struggling with debt, then more than half the stories of the past year is how to step through the door of the legal norms of financial security - to continue working conditions action, even though the company was able to sustain its self. For brokers have a negative losses to equity as SBS, PNS is fused with clear direction is "black mark" accumulated losses, without losing the intangible value of the company, such as the number of tourists large, human resources ... It is the value that other brokers if a new build will take a lot of effort and money, but it will not matter if SBS bankruptcy, stop operation.


    SBS's story makes reference to market a "giant" in the field of securities MB Securities (MBS). Although equity is still very large, but the accumulated losses of the last quarter was 537 billion I/2013, MBS will not take much time to clean up and perform financial statement listing the stock as promised shareholders from a few years ago. Early last June, MBS has published information about the opinions of shareholders approved the plan to merge with other brokers. The move by MBS, after successful comprehensive restructuring activities, asset, was supposed to address the nature of the story ... the books and papers.


    However, even if that purpose, the most obvious consequence resulting from the restructuring of SBS, MBS Securities is creating stronger. The next corollary of this is to reduce the number of brokers, such as expectations of the investing public when the SEC began building block proposal to restructure this company.


    Also in June, the two brokers are required to stop operation SSC is Golden Bridge Securities (GBS) and SME Securities Company is not overcome by controlling special status and violation of other provisions, the serial The departure of Trang An Securities, Securities Truong Son, Ha Noi Securities, Securities Delta (Rubber). Thus, more than 1 year after 226/2010/TT-BTC Circular and financial safety measures for handling securities business organizations do not meet safety norms finance full effect , restructuring goals, poor screening Securities was the first result. Six months of the year, predicting this move will continue and there will be more names on the market brokers disappear