Home Companies

Petrolimex subsidiary lists on UPCOM

Jan 20th at 08:20
20-01-2016 08:20:14+07:00

Petrolimex subsidiary lists on UPCOM

Some 2.4 million shares of Petrolimex Equipment JSC (PEQ), a subsidiary of Viet Nam National Petroleum Group (Petrolimex), started trading on the unlisted public company market (UPCom) on January 18.

The move followed the Ha Noi Stock Exchange's approval to list 2,424,600 PEQ shares on UPCom at a preferential price of VND14,800 (US$0.69) each.

PEQ is a leading supplier of petrol equipment to Viet Nam. The company is the only petrol pump supplier for Petrolimex subsidiaries.

In the coming years, PEQ plans to focus on its main products, including petrol pumps and flow meters, and to improve the company's business productivity. The company aims to account for over 65 per cent of the petrol pumps market share in the country.

PEQ has chartered capital of VND24.3 billion ($1.15 million), of which, Petrolimex holds 51 per cent. PEQ expects to reach VND545 billion ($25.72 million) in revenue and VND4.3 billion ($203,897) in profit this year.

bizhub

MOST READ

NEWS SAME CATEGORY

Vinachem targets 10% growth in revenue, profit
COMPANIES Jan 19th at 10:55

Vinachem targets 10% growth in revenue, profit

Viet Nam Chemical Industry Group (Vinachem) is targeting revenue of VND50.5 trillion ($2.25 billion) and profits of VND1.8 trillion ($81.4 million) in 2016.

RDP triples its profits, plans more development
COMPANIES Jan 19th at 08:05

RDP triples its profits, plans more development

HCMC-based Rang Dong Plastic Joint Stock Company (RDP) recently announced that its profits had tripled after tax in 2015, and it was planning to issue more shares...

PYN Elite Fund becomes third-largest DLG shareholder
COMPANIES Jan 15th at 08:12

PYN Elite Fund becomes third-largest DLG shareholder

Finland's PYN Elite Fund (Non-Ucits) bought 3,662,580 shares of Duc Long Gia Lai Group JSC (DLG), increasing its holding to 17,216,110 shares, a 10.18 per cent...

Clouds of concern descend on HAGL
COMPANIES Jan 14th at 13:59

Clouds of concern descend on HAGL

Hoang Anh Gia Lai Group’s stocks are expected to continue their downward trend in 2016 as the firm faces multiple challenges in the time ahead.

VRG to offload shares in five hydropower companies
COMPANIES Jan 12th at 14:59

VRG to offload shares in five hydropower companies

Prime Minister Nguyen Tan Dung has permitted the Vietnam Rubber Group (VRG) to offload shares in five hydropower companies through direct negotiations.

Transport ministry sells 85.58m Vinamotor shares
COMPANIES Jan 11th at 15:40

Transport ministry sells 85.58m Vinamotor shares

The transport ministry (MoT) sold 85.58 million, or 97.7 per cent, of the shares of the Viet Nam Motors Industry Corporation (Vinamotor) at a Ha Noi Stock Exchange...

Sun Life Financial increases its stake in PVI Sun Life to 75pc
COMPANIES Jan 9th at 15:56

Sun Life Financial increases its stake in PVI Sun Life to 75pc

Sun Life Assurance Company of Canada (Sun Life), a wholly owned subsidiary of Sun Life Financial Inc., and PVI Holdings (PVI) announced today that Sun Life had...

SSI increases stake in fertiliser company
COMPANIES Jan 9th at 15:42

SSI increases stake in fertiliser company

Sai Gon Securities Inc (SSI) has purchased 30,000 shares of Van Dien Fused Magnesium Phosphate Fertilizer Joint Stock Company (VAFCO).

Hoa Sen starts construction of new steel plant
COMPANIES Jan 9th at 15:35

Hoa Sen starts construction of new steel plant

Giant steel maker Hoa Sen Group on Friday broke ground for a new plant in Nhon Hoi Economic Zone in the south central province of Binh Dinh.

Canadian insurance firm gets 35% BIC stake
COMPANIES Jan 8th at 15:20

Canadian insurance firm gets 35% BIC stake

Fairfax Asia Limited, a subsidiary of Canadian insurance and reinsurance firm Fairfax Financial Holdings Limited, bought 41 million shares in the BIDV Insurance...

Read More

MOST READ

Back To Top