CBS: Notice on maximum foreign ownership rate

On March 08, 2023, the State Securities Commission announced Notice No. 1024/UBCK-PTTT as follows: The dossier announcing the maximum foreign holding rate at Cao Bang Sugar JSC (the Company) (HNX: CBS) at 0% is full and valid per the regulations of Decree No. 155/2020/ND-CP dated December 31, 2020, of the Government of the detailed regulations to implement several articles of the Securities Law (Decree No. 155/2020/ND-CP). The State Securities Commission requests the Company to disclose information on the maximum foreign ownership rate as prescribed in Clause No. 2, Article 13 of Circular No. 96/2020/TT-BTC dated November 16, 2020, of the Minister of Finance, guiding the information disclosure on the securities market, exercising business activities per the scope of business registration and relevant legal regulations to ensure compliance with regulations on the foreign ownership rate on the securities market of Vietnam; requests the Vietnam Securities Depository to update and adjust the system on the maximum foreign ownership rate at the Company per the regulations of Clause No. 4, Article 142 of Decree No. 155/2020/ND-CP.