VFM: License for founding VFA
VietFund Management (VFM) has announced a decision of the State Securities Committee (SSC) for founding VFA as follows:
Article 1: Issuing a license of founding a popular fund for: Vietnam Active Fund (VFA)
* Fund management company: VietFund Management (VFM)
* The custodian bank: Far East National Bank – HCMC. Branch
* The License No.05/UBCK-GCN issued by the Chairman of SSC on December 28, 2009.
* Term: 05 years
Article 2: VFA is founded with details:
* Charter capital: 240,437,600,000 dongs
* Par value: 10,000 dongs
* Volume of fund certificates: 24,043,760 fund certificates
* Fund type: closed-end fund
Article 3: VFM, Far East National Bank – HCMC. Branch and related partners have to operate under the Law.
Article 4: The license is valid as from April 02, 2010.
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