Products/Services _ Listing on LSX
  • Benefit of Listing 
    • Common Share
      • 1. A source of Long term capital: In general, the company usually have various source of fund from the financial institutions. But almost of them is the short-term fund which needed to pay back interest that might be the barrier for business to achieve the long-term goats. In contrast, the company is able to raise fund from capital market which the capital market without any burden of principal or interest payment which enable the company have more business liquidity and able to achieve the business goals.
      • 2. Enhance corporate profile: Having securities listing in the capital market will improve the company financially status and have the better management standard because of improving accounting and transparency standard, transforming itself from a family-to a professionally-run enterprise that enhances the business visibility, improve the financial strength, and organizational stability.
      • 3. Business network: Besides having the long-term fund with no burden on interest payment, being as listed company in the capital market also increase the public awareness of the business, attracts both domestic and foreign investment specially attracts the strategic partners and opens up opportunities for business expansion and modernization.
      • 4. Tax Incentive: According to Article 29 of the Law on Taxation No. 05 / NA on 20th December, 2011, the listed company on Lao Securities Exchange will be entitled to a 5% reduction on corporate income tax from the normal rate over a period of four consecutive years from the year of listing.
    • Bond
      • 1. A source of fund: Raising fund by issuing debt instrument as Bond is another channel for the company to get a lot of funds for utilizing in business operations and extension. The bond interest rate and redemption period will be determined by issuer, so the company will have better financial management plan.
      • 2. Management control: The company issues bond to public will not lose any power to control and manage the business because the bondholders are creditors who are not entitled to attend and vote in the shareholders' meetings. As a result, the company owner is entitled to fully manage business.
      • 3. Tax Incentive: According to Article 29 of the Law on Taxation No. 05 / NA on 20th December, 2011, the listed company on Lao Securities Exchange will be entitled to a 5% reduction on corporate income tax from the normal rate over a period of four consecutive years from the year of listing.
  • Listing Requirement 
    • Stock Listing Requirement
      • Quantitative requirements
        • Criteria Requirement
        Operating history At least 3 or more years
        Size of company No. of shares At least 100,000 shares
        Capital size More than 8 billion kip in capital
        Stock Distribution Minority shareholders More than 100 shareholders
        Shares of minority shareholders More than 10% of the total outstanding shares
        Business performance/ financial status Sales At least 24 billion kip
        Income Net income in the latest 2 consecutive years
        Equity capital No impairment of capital stock in recent years
      • Qualitative requirements
        • Criteria Requirements
        Auditor’s opinion Unqualified/qualified for the latest fiscal year
        Going concern and profitability - Financial stability
        - Business environment and risk
        Soundness of corporate governance - Internal control system
        - Appropriate transaction with its major shareholders or management
        - Transparency of management
        Appropriateness and accuracy of corporate disclosure - Efficient disclosure system
        - Appointment of disclosure officer and relating staffs
        Pending law suit, etc. No dispute that may materially affect management of the company.
        Others Other necessary things to protect investor and public interests
    • Corporate Bond Listing Requirement
      • Quantitative requirements
        • Criteria Requirement
        Operating history At least 3 or more years
        Registered Capital At least 20 billion kip
        Financial status Sales/Revenue At least 30 billion kip in the latest year
        Income Have profit in the latest year
        Debt Have no debts overdue for more than 1 years
        Accumulated loss Have no accumulated loss in the recent year
        Listing amount Bond Value Total nominal value shall be at least 3 billion kip, and total unredeemable amount shall be at least 2 billion kip
      • Qualitative requirements
        • Criteria Requirements
        Auditor’s opinion Unqualified/qualified for the latest fiscal year
        Financial Statement Shall comply with Lao accounting standard or international financial report standard
        Public Offering Shall complete public offering
        Depository service contract Bond shall be registered in Settlement and Depositary Department of LSX
        Business stability and profitability - Shall have consecutive profit and positive outlook for the future business performance
        - Shall have the soundness on managing the business in a fair and honest manner
        Pending law suit, etc. No dispute that may materially affect management of the company.
        Others Other necessary things to protect investor and public interests
  • Listing Procedure
    • Products/Services _ Listing Procedure on LSX
  • Listing Fee
    • Fee Stock Listing Corporate Bond Listing
    Listing Eligibility Review Fee 5,000,000 LAK / Time 5,000,000 LAK / Time
    Listing Fee 0.04% of listing amount
    (2,000,000 LAK-50,000,000 LAK)     		0.01% of total listing amount
    Annual Listing Fee 0.005% of latest fiscal year market capitalization (Max 5,000,000 LAK) 0.001% of total nominal amount as the end of the year