Home Companies

PLX enjoys huge benefits through treasury stock sale

May 26th at 08:51
26-05-2017 08:51:10+07:00

PLX enjoys huge benefits through treasury stock sale

The Viet Nam National Petroleum Group (Petrolimex) has announced it sold all 20 million registered treasury shares at transaction value five times higher than par value.

 

According to the group, the shares were purchased at an average price of VND50,553 (US$2.22) each from May 4 to 23 through transactions at the HCM Stock Exchange.

Currently, Petrolimex owns more than 135 million treasury stocks.

The state-owned group has charter capital of some VND13 trillion ($571 million).

Its market value is estimated at VND73.3 trillion ($3.2 billion), ranking fifth among the largest enterprises on the Vietnamese stock market.

Petrolimex aims for year-on-year profit growth of 10 per cent this year.

Last year, the group generated some VND123.2 trillion ($5.4 trillion) in revenue and VND5.2 trillion ($229 million) in after-tax profit, up 50 per cent from 2015.

bizhub

MOST READ

NEWS SAME CATEGORY

BCG targets 30 per cent growth
COMPANIES May 26th at 08:48

BCG targets 30 per cent growth

Bamboo Capital JSC has set revenue and profit targets of VND1.77 trillion (US$78.3 million) and VND81 billion this year, 8 per cent and 30 per cent higher than last...

Korean firm plans to acquire GMD
COMPANIES May 25th at 09:23

Korean firm plans to acquire GMD

Korea’s Taekwang Industrial Co Ltd has submitted a letter with intention to acquire Gemadept Corporation, Viet Nam’s largest logistics firm, as part of efforts to...

KDC increases holding in Viet Nam Vegetable Oils to 51%
COMPANIES May 24th at 09:03

KDC increases holding in Viet Nam Vegetable Oils to 51%

Food producer KIDO Group reported on Tuesday that it has increased its holding in the Viet Nam Vegetable Oils Industry Corporation Joint Stock Company (VOC) from 24...

HAG sells sugar business for $59m
COMPANIES May 23rd at 10:22

HAG sells sugar business for $59m

Bien Hoa Sugar JSC and Thanh Thanh Cong Tay Ninh Sugar JSC, two subsidiaries of the Thanh Thanh Cong Group (TTC Group), will take over the sugar business from Hoang...

TTC Group seeks to take over HAGL’s sugar business
COMPANIES May 22nd at 13:32

TTC Group seeks to take over HAGL’s sugar business

Bien Hoa Sugar Joint Stock Company and Tay Ninh Sugar Joint Stock Company, two subsidiaries of TTC Group, will take over the sugar operation of Hoang Anh Gia Lai in...

BHN targets 9 per cent increase in revenue
COMPANIES May 22nd at 09:59

BHN targets 9 per cent increase in revenue

Ha Noi Beer Alcohol and Beverage Joint Stock Corporation (Habeco) targets total revenue of over VND8.8 trillion (US$390 million) in 2017, up 9.1 per cent...

PCT strives to satisfy shareholders
COMPANIES May 20th at 21:23

PCT strives to satisfy shareholders

With the season of annual shareholders’ meeting coming in, the leaders of hundreds of companies are working to organise a successful meeting. Cuu Long Petro Gas...

Plastic company leaders (AAA) to sell 27% ownership
COMPANIES May 18th at 08:59

Plastic company leaders (AAA) to sell 27% ownership

The chairman and general director of An Phat Plastic and Green Environment Joint Stock Company have announced the sale of over 15 million shares, equivalent to 27...

HAG shareholders’ meeting on June 30
COMPANIES May 17th at 08:11

HAG shareholders’ meeting on June 30

Hoang Anh Gia Lai Group (HAGL Group) and Hoang Anh Gia Lai Agricultural Joint Stock Company (HAGL Agrico) plan to hold their annual shareholders’ meeting on June 30.

Vinapharm to trade on UPCoM in May
COMPANIES May 15th at 16:31

Vinapharm to trade on UPCoM in May

Viet Nam Pharmaceutical Corporation (Vinapharm) has obtained approval from Ha Noi Stock Exchange (HNX) to trade 237 million shares on the Unlisted Public Company...

Read More

MOST READ

Back To Top