PetroVietnam Urges Affiliates to List on HOSE
State-owned PetroVietnam Group is encouraging its member companies to list shares on the Hochiminh Securities Exchange (HOSE) under a deal signed between the two sides September 27.
PetroVietnam will instruct the listed member companies to obey all regulations of securities law and securities market.
HOSE will provide PetroVietnam with legal procedures in terms of share auction, listing, corporate bond issue, as well as exchange information, train securities knowledge for the group’s staffs.
Separately, PetroVietnam Finance Company (PVFC), the financial arm of the state-owned PetroVietnam monopoly, plans to offer 11.81 per cent of its equity in its initial public offering October 19, Hanoi Securities Trading Center reported.
PetroVietnam has 27 affiliates, according to its website. (VISDAQ, Vietnam Economic Times)
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