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Vietnam's Binh Son plans IPO in January

by ChemOrbis Editorial Team - content@chemorbis.com
  • 18/12/2017 (15:30)
According to the country’s local media sources, Vietnam’s Binh Son Refining and Petrochemical Co Ltd (BSR), a subsidiary of the state-owned PetroVietnam, is preparing for Vietnam’s biggest-ever initial private offering.

The media reported that the company is planning sell around 241.6 million of its shares in an initial public offering at a value of nearly VND4 trillion ($157.4 million) on January 17, 2018.

The company, which is valued at $2 billion, will reportedly offer 49% of its shares to strategic investors during the course of the next three months following the IPO, while PetroVietnam is expected to hold 43%.
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