Vinacomin - Vang Danh Coal foreign ownership limit set at zero

The State Securities Commission (UBCKNN) has announced that the foreign ownership limit for Vinacomin - Vang Danh Coal Joint Stock Company is set at 0%. This decision follows the company's notification regarding its maximum foreign ownership ratio.

The UBCKNN emphasizes that the company is responsible for the legality, accuracy, truthfulness, and completeness of its submitted documents, as per Article 11a of the amended Securities Law. Should the current foreign ownership exceed the new limit, the company must comply with Article 139, Clause 5 of Decree No. 155/2020/NĐ-CP, as amended.

Vinacomin - Vang Danh Coal is required to disclose this information in accordance with Article 13, Clause 2 of Circular No. 96/2020/TT-BTC, as amended. The Vietnam Securities Depository and Clearing Corporation will update this 0% foreign ownership limit in its system, as stipulated by Article 142, Clause 4 of Decree No. 155/2020/NĐ-CP, as amended.