1.3 bln shares await stock exchange listing: report

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More than 1.3 billion shares and fund units are waiting to be listed on the Ho Chi Minh Stock Exchange, a news report said Sunday.

As of Friday, 27 businesses and investment funds were either approved or pending approval to have their shares and fund units listed, the Vietnam Economic Times reported, citing figures from the exchange.

Among these were Hanoi-based Military Bank with 530 million shares and state-owned PetroVietnam's infrastructure investment arm Petroland with 100 million shares.

The exchange said some companies received approval to list their shares more than three months ago but have not traded on the exchange since. A slow moving stock market since May could have discouraged them, the report said.

There are currently 251 companies and five investment funds listed on the Ho Chi Minh Stock Exchange, Vietnam's main bourse.

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