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Listing (Listing Review, Listing Approval and Delisting)
Negotiable

Lao Securities Exchange (LSX)

Kamphaengmuang Rd Phonthan Village Saysettha District Vientiane Capital

JOB DESCRIPTION

Terms of Reference

Job Title

:

Listing (Listing Review, Listing Approval and Delisting)

Position

:

Officer

Department

:

Listing and Disclosure (L&D)

Reports to

:

Director of L&D Department

Supervises

:

N/A

Type of Position

:

Full-Time (8:30 am– 16:30pm)

KEY DUTIES AND RESPONSIBILITIES:

Listing Review:

Pinpointing Potential Listed Companies

  • Work closely and involve, participate in pinpointing activities with securities companies; (pinpointing means doing the shortlists, identifying the readiness of potential listed companies, whether they are qualified or not);
  • Study listing criteria and related regulations, cost and benefits of listing, obligations of listed company before explaining to the potential listed company (when required);
  • Summarize the shortlist of the potential listed companies for progress report to the Management on monthly basis;

Listing Eligibility Review for Initial/Additional Listing:

  • Study methodology, principles, templates, procedure, criteria, numbers, ratios, qualitative and quantitative requirements on the initial/additional listing eligibility review i.e. all aspects needed for the comprehensive initial/additional listing eligibility review;
  • Develop, update, amend the initial/additional listing eligibility review criteria from time to time if needed, or propose the development or amendment to the Management;
  • Review the initial/additional filings and documents submitted by the listing applicant;
  • Analyze and study the documents, filings, prospectus by using variety of techniques including: horizontal analysis, vertical analysis, and ratio analysis (liquidity, activities, leverage, and profitability ratios)
  • After the analysis, listing officer concludes whether the listing applicant is Eligible or not. If not: listing officer shall feed back to the listing applicant for further improvement. If yes: The Eligibility Review will be reported to the Management for consideration before submitting for the BOD approval;
  • Once the management considers the listing applicant is Eligible, listing officer drafts the proposal letter for the Management to sign, attach the Eligibility Review to seek for the BOD approval;
  • Once the BOD approves or does not approve the Eligibility Review, listing officer drafts a notifying letter for the Management to sign and informs the listing applicant within two working days

Listing Approval for Initial/Additional Listing:

  • Once the listing applicant submits the supporting documents for initial/additional listing, listing officer reviews the IPO/RO/PO allocation result whether the allocation is complied with listing regulation or not;
  • if not comply, the listing officer draft a Notifying Letter of Not Qualifying for the Management to sign and informs the listing applicant within two working days;
  • If comply, listing officer drafts a proposal report on the Qualifying Review to the Management for consideration before submitting for the BOD approval;
  • Once the management considers the listing applicant is Qualified, listing officer drafts the proposal letter for the Management to sign, attach the Qualifying Review to seek for the BODs approval;
  • Once the BOD approves or does not approve the Qualifying Review, listing officer drafts a notifying letter for the Management to sign and informs the listing applicant within two working days;
  • Inform other departments to register and key-in the information on newly listed company into the system;
  • Listing officer keys in newly listed company information into the listing system;
  • Listing officer announces the newly listed company information to the public on LSX website;
  • Listing officer drafts a notifying letter for the Management to sign to inform the LSCO on successfully listed company;
  • Create a database for reporting purpose, and shall keep in centralized database of the department accessible by Director, Deputy Director and the staff in shared drive.

To Change/Modify the Listed Company Information after Initial Listing (stock split/reverse, capital increase/decrease, listed company name, stock dividend, stock bonus, etc.)

  • Study, update, amend regulations, procedures, and principles on the change/modification of listed company information if there are in place, or develop those regulations, procedures and principles if there are not in place. The listed company information includes stock split/reverse, capital increase/decrease, listed company name, stock dividend, stock bonus, etc.
  • Once the listed company proposes a change/modification, listing officer studies the intension and purpose of the listed company based on the regulations, procedures and principles;
  • If the intension and purpose of the listed company do not violate the regulations, procedures and principles, listing officer just changes and modifies for them, and draft a report proposal to the Management for consideration and approval;
  • Before the changing/modification, listing officer informs other departments to register and key-in the updated information into the system;
  • Listing officer keys in updated information into the listing system;
  • Listing officer announces the result of changing/modification to the public on LSX Website;
  • Listing officer drafts a notifying letter for the Management to sign to inform the listed company proposed and LSCO on the changing/modification.

Delisting

Voluntary Delisting

  • Study, update, amend regulations, procedures, criteria and principles on the voluntary delisting if there are in place, or develop those regulations, procedures, criteria and principles if there are not in place. Those regulations, procedures, criteria and principles includes appointing securities company, arranging shareholders’ meeting, tender offering, etc.;
  • Once the listed company proposes a voluntary delisting, listing officer studies the intention and purpose of the listed company and review the delisting application and additional documents base on the regulations, procedures, criteria and principles. If necessary, listing officer holds a discussion meeting with the listed company, requests for more supporting documents and evidences;
  • If the intension and purpose of the listed company do not violate the regulations, procedures and principles, listing officer implements for them, and drafts a proposal on Voluntary Delisting Review for the Management to consider and approve;
  • Once the Management considers and approve the Voluntary Delisting Review, listing officer drafts the proposal letter for the Management to sign, attach the Voluntary Delisting Review to seek for the BOD approval;
  • Once the BOD approves or does not approve the Voluntary Delisting Review, listing officer drafts a notifying letter for the Management to sign and informs the listed company within two working days;
  • Before the voluntary delisting procedures on the system begin, listing officer informs other departments to prepare their delisting procedures, register and key-in the market actions into the system;
  • Listing officer implements the delisting process on the system including inputting information to system, setting effective delisting date, etc.;
  • Listing officer drafts a notifying letter for the LSX Management to sign to inform the listed company proposed and LSCO, and publish through LSX website on the delisting result;

Mandatory Delisting

  • Study, update, amend regulations, procedures, criteria and principles on the mandatory delisting if there are in place, or develop those regulations, procedures, criteria and principles if there are not in place. Those regulations, procedures and principles includes delisting criteria, preparation of business improvement plan, arranging shareholders’ meeting, appointing financial advisor, etc.;
  • Once the listed company falls into mandatory delisting criteria, listing officer drafts a report on the causes of mandatory delisting to the Management to consider and approve;
  • Once the Management considers and approves, listing officer draft a notifying letter on the cause of mandatory delisting for the Management to sign to inform the listed company, LSCO and announce to the public through LSX website within two (2) working days.
  • After sending the letter to the listed company, listing officer studies and review the mandatory delisting, determine the timeframe of delisting procedures including the last trading period of the stock and the effective delisting date, and then draft the proposal report as Mandatory Delisting Review for the Management to consider and approve;
  • Once the Management considers and approve the Mandatory Delisting Review, listing officer drafts the proposal letter for the Management to sign, attach the Mandatory Delisting Review to seek for the BOD approval;
  • Once the BOD approves or does not approve the Mandatory Delisting Review, listing officer drafts a notifying letter for the Management to sign and informs the listed company, LSCO and to the public on the LSX website within two working days;
  • Before the mandatory delisting procedures on the system begin, listing officer informs other departments to prepare their delisting procedures, register and key-in the market actions into the system including last trading period for ten (10) trading days, trading suspension, etc.;
  • Listing officer implements the delisting process on the system including inputting information to system, setting effective delisting date, etc.;
  • Listing officer drafts a notifying letter for the LSX Management to sign to inform the listed company proposed and LSCO, and publish through LSX website on the delisting result;
  • Create a database for reporting purpose, and shall keep in centralized database of the department accessible by Director, Deputy Director and the staff in shared drive.

Other Listing and Disclosure Affairs:

  • Conduct an on-site visit to the listed companies in order to track the operation, management and performance of the company;
  • Assist the disclosure staff to analyze the financial statements disclosed by the listed companies.

REQUIREMENTS/ KNOWLEDGES/ SKILLS/ EXPERIENCES

  • At least Bachelor’s Degree, preferably in Accounting, Finance-Banking, Business Administration, Auditing, Economics, or related disciplines;
  • Relevant working experiences in accounting, financial statements analysis, corporate finance, investment, financial risk management, investment evaluation, financial advisor, or a related field would be granted priority;
  • Experience demonstrating advanced knowledge of the Listing Regulation, securities law, other related regulations and laws including an understanding on securities industry and accounting practices are preferred;
  • Understanding on how financial instruments and capital markets are used to enhance the strength of business and manage corporate risks;
  • Strong interpersonal relations and presentation skills as well as the ability to work multi-task;
  • Strong sense of applying critical and rational thinking and professional ethics to each task;
  • Strong command of written and spoken English.

Interested candidates should submit a current CV in English stating full qualifications, education, work certificate , experience and cover letter to: 108job.s9@gmail.com Mobile & WhatsApp:020-2221-7638 (Tai) The Closing date for application is on 10 May 2021. Short-listed candidates will be contact for the Interview.

Lao Securities Exchange (LSX)

Lao Securities Exchange (LSX)

Kamphaengmuang Rd Phonthan Village Saysettha District Vientiane Capital

Contact
Contact Name : N/A
Telephone : 02022217637
Website :
ABOUT COMPANY

Lao Securities Exchange (LSX) is the only stock market of the Lao PDR in place as an efficient investment alternative, effective long-run fund mobilization and excellently back as another “leg” of the Lao Financial Market pushing on the most remarkable performances of the nation’s development.

Inaugural gateway towards the ASEAN Economic Community (AEC), the LSX is going forward together with other member exchanges to implement numerous reliable measures for free movement of goods and services, investment, skilled labor, and most particular the “freer flow of capital”.

LSX is firmly assured to be the growth driver of Lao business entities in the most transparent and just competition, and the hub of the region in the nearest future.

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