PVX to offer 137.5m shares to four institutions

PetroVietnam Construction Joint Stock Corp (PVC-coded PVX) has announced about dealing with its unsold shares in its chartered capital increase from 2.5 trillion dong to five trillion dong.

In particular, by early 2012, PVX issued 250 million shares to raise 2.7 trillion dong to increase chartered capital. However, ending the payment duration for share purchase, PVX sold only 150 million shares, equalling to 60 percent of the offered volume. Of which, 12.5 million shares were issued to pay second round 2010 dividend at 5 percent.

After the share issuance, PVX’s chartered capital reached four trillion dong, of which, the state shareholder holds 53.25 percent stake and the remaining held by other foreign and domestic shareholders.

For 137.5 million unsold shares, PVX will continue to allocate to four institutions including Vietnam National Oil and Gas Group (PetroVietnam-PVN) with 110 million shares, Ocean Bank (4.1 million shares), Dong Thanh Export Import Ltd Co with 8.4 million shares and PVV Materials and Investment Joint Stock Co with 15 million shares.

 

Category: Stocks