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Securities commission accepts two new regulations
The Lao Securities Exchange Commission has accepted two new regulations related to reporting and inspection in a bid to improve stock market transactions.
A meeting of the commission opened on Tuesday in Vientiane, presided over by its Chairman, Mr Somsavat Lengsavad, and attended by related officials.
The meeting agreed to two regulations related to reporting and inspecting the workings of the Lao Securities Exchange.
The meeting also reviewed the work of the Lao Securities Exchange Commission over the past 12 months and made plans for 2012. The session also reviewed the documents of the registered companies for the year 2011-2012.
Mr Somsavat said the meeting was not only important for reviewing the work of the previous year, but also to discuss and plan for next year.
Work on the Lao Securities Exchange initially began in 2007, through cooperation between the Lao government, which owns 51 percent and a Korean company which has a 49 percent share.
Its primary market opened on October 10 last year and the secondary market for public trade began on January 11 this year.
Two former state enterprises, EDL Generation (EDL-Gen) and BCEL bank (BCEL) are listed on the Lao Stock Exchange. Their shares are sold through two brokers, Lane Xang Securities Public Company and BCEL-KT Securities Limited.
vientiane times
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