Bourse merger faces more delays
01-10-2012 12:43:19+07:00
Bourse merger faces more delays
The merger of the nation's two stock exchanges will be completed as early as 2014, the head of the State Securities Commission's market development department, Nguyen Son, said on the sidelines of a meeting last Wednesday. Officially, however, commission chairman Vu Bang is more non-commital. "We expected to propose the merger to the Government later this year but have had to postpone because of the many issues still to be resolved," Bang said. "It took Malaysia six years to complete the same process," he said, adding that the merger would have to be split into stages and taken gradually
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