PetroVietnam Insurance will list shares at the Ha Noi Securities Trading Centre by the end of this month, under a decision approved by the management board on July 19.
The company will list 50 million shares, worth a total 500 billion VND (31.3 million USD), followed by an additional listing worth 315 billion VND (19.7 million USD) two or three weeks later.
”We chose Ha Noi Securities Trading Centre because we want to meet the timetable of the listing under the requirements of our parent company, PetroVietnam,” said a representative of PetroVietnam Insurance’s legal department.
The company is deciding between Deloitte Viet Nam (previously Vaco) or Earnst & Young to consult for the listings, she added, and was also considering potential strategic partners.
The company plans to sell 149 billion VND (9.3 million USD) worth of shares in the fourth quarter of this year, of which 100 million VND (6.3 million USD) would be sold to a strategic partner, said PetroVietnam Insurance chairman Le Van Hung.
Source: VNA
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