Petrolimex to auction 2.5% of its charter capital
Prime Minister approved the equitisation and restructuring plan of Petrolimex accordingly, the firm will have to maintain state ownership at minimum 75% and issue shares for capital raising.
Petrolimex has a charter capital of 10.7 trillion dong. Total shares for IPO of Petrolimex is 1.070 billion including 1,01,401,867 shares belonging to the state (equaling to 94.99% stake of this firm), 21,172,200 preferred shares for its employees (1.98%), 5 million for the labour union (0.47%), and 27,425,933 shares (2.56%) to be offered for public auction.
After being restructured, members of Petrolimex will include Petrolimex water transport corporation, construction and installation corporation, petroleum service corp, 42 petroleum members in provinces/cities and Petrolimex Singapore One Member Co Ltd; other companies and joint stock companies. – Vietbiz24
Tags: Petrolimex
Posted by VBN on Jun 3 2011. Filed under Oil-Gas & Petroleum. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry
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