Vietnam – Must-Have Contents In A Prospectus.

8 February 2022
 

The Prospectus or information disclosure means a physical or electronic document that contains accurate and objective information about the offering or listing of securities by an issuer. The Prospectus is also an indispensable document for registering to public offering of securities and as an invite to the public to know, invest or buy the company’s securities. So, what contents are included in the Prospectus?

 

Through this article, BLawyers Vietnam will present the mandatory contents in the Prospectus as prescribed in the following cases:

 

1. In case of public offering of shares and bonds, the Prospectus shall contain the following contents:

 

1. Summary of the issuer, including its organizational structure, business operations, assets, financial status, Board of Directors, the Board of members or the company owner, General Director (Director), Deputy General Director (Deputy Director), chief accountant and shareholders (if any);

 

2. Information about the offering and the offered securities, including: offering conditions, risk factors, estimated profit and dividends of the nearest year after the issuance, the issuance plan and the plan for use of capital generated by the offering;

 

3. The issuer’s financial statements of the latest 02 years;

 

4. Other information (if any).

 

2. In case of public offering of fund certificates, the Prospectus shall contain the following contents:

 

1. The type and scale of the securities investment fund;

 

2. Investment targets, strategy, method and procedures; investment limits and risk factors of the securities investment fund;

 

3. Summary of the draft charter of the securities investment fund;

 

4. The plan for issuance of fund certificates and instructions on making investment in the securities investment fund;

 

5. Summary of the fund management company and the supervisory bank, regulations on trading with their related persons;

 

6. Other information (if any).

 

Prospectus and executive prospectus are detailed guidance in Circular No. 98/2020/TT-BTC and prospectus form is regulated by Circular No. 118/2020/TT-BTC.