Petrovietnam earns over vnd23tln from equitization surplus

Vietnam National Oil and Gas Group (PetroVietnam) reported it completed the equitisation for its 18 members with the surplus value of over 23 trillion dong and the auction price up more than 5 times compared with face value.

Currently, PVN focuses on 50% of investment capital (84.5 trillion dong) in five limited companies whose 100% charter capital belong to PVN, namely PetroVietnam Exploration Production Corp, Binh Son Petrochemical Refining Co, PetroVietnam Power Corp, PetroVietnam Oil, and Dung Quat shipbuilding Co.

The group has invested 27 trillion dong and held the dominated stock at eight joint stock companies operating in fields of major production and business, and poured about 3 trillion dong in four corporations. All investments have brought in high profit to the group. – SGT

Tags: PetroVietnam, Petrovietnam equitization

Posted by VBN on Jun 9 2011. Filed under Enterprises, 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