Petrolimex readies stock listing to lure investors

摘要

Vietnamese state-controlled downstream firm Petrolimex has filed registration documents to list its shares on the Ho Chi Minh City stock exchange by mid-April, furthering the government's gradual privatisation of state-run companies. The company, which is Vietnam's largest fuel importer and distributor, plans to list 1.29bn shares, the industry and trade ministry says. But it is not clear what size stake will be sold. Petrolimex is valued at almost 52 trillion dong ($2.28bn), based on a recent price of about D40,000/share on the country's over-the-counter market.