PetroVietnam Southern Gas to offload its shares in CNG

[nguyenmary279]

PetroVietnam Southern Gas (PGS) approved the divestment of its 14.9 million shares, a 55.2 per cent stake, in natural gas producer CNG Vietnam Joint Stock Company (CNG) yesterday. PGS said the divestment would be completed before the end of April under an agreement or suitable transactions. Buyers must purchase at least 25 per cent of the stake, or 6.75 million shares.

ADVERTISING

Investors must show a balance in their financial statements at the end of 2015 of at least the amount due for the share purchase.
If the amount is calculated on January 27, when each of the CNG shares closed at VND32,200(US$1.4), the investors must have at least VND217.3 billion ($9.67 million) if they want to bid on the shares from PGS.
On February 4, CNG is expected to pay a 15 per cent dividend in cash, with each share worth VND1,500. Thus, PGS will receive more than VND22 billion (more than $1 million) in dividends from CNG before the divestment.
The consolidated financial statements of PGS reveal that its investment in CNG was VND149 billion ($6.6 million). Calculated on January 27, the deal was worth some VND479.7 billion ($21.36 million).
Besides PGS, two foreign investors in CNG are Utilico Emerging Markets Limited and Halley Sicav - Asian Prosperity Halley, holding a 20.07 per cent stake.
CNG was established in 2007 in the southern province of Ba Ria-Vung Tau and is specialised in producing, transporting and distributing compressed natural gas, which is utilised by plants using thermal energy during production and processing; apartment buildings; and the transportation industry, as a replacement for petroleum.
It earned a revenue of VND950 billion ($42.3 million) and profit before tax of VND145.2 billion ($6.46 million) in 2015.

View more random threads:

• VN-Index adds little amid investor hesitation
• VN-Index dips at March end
• PIV: Change in shareholding of principal shareholder (An Binh Land Investment JSC)
• Stocks follow world market rise (14/9)
• Shares manage gains in HCM City, lose in Ha Noi
• Shares managed to retain gains (4/12/12)
• HNX Notice: First trading day of IDV
• ACB remains healthy thanks to State bonds
• Sai Gon-Ha Noi Bank prepares for stock split
• Delisted companies leave shareholders in the lurch

[cuatudong]

PetroVietnam Southern Gas (PGS) approved the divestment of its 14.9 million shares, a 55.2 per cent stake, in natural gas producer CNG Vietnam Joint Stock Company (CNG) yesterday. PGS said the divestment would be completed before the end of April under an agreement or suitable transactions. Buyers must purchase at least 25 per cent of the stake, or 6.75 million shares.

ADVERTISING

Tại sao PSG lại bán cổ phiếu CNG đi?. Bác có biết không?

[imported_hoangduy2579]

Chủ yếu để cơ cấu lại các khoản đầu tư thôi

Chủ yếu để cơ cấu lại các khoản đầu tư thôi

Tôi lại nghe nói GAS muốn mua lại CNG từ PGS đấy. Đó là lý do PGS thoái vốn.

Tôi lại nghe nói GAS muốn mua lại CNG từ PGS đấy. Đó là lý do PGS thoái vốn.

Vụ này cũng có thể lắm vì thực sự thì PGS không đóng góp nhiều về mặt chuyên môn cho CNG

Riêng PGS thì nghe bảo tầm Quý II/2016 trở đi sẽ tốt dần lên. Anh em check thử