PVC: Notice of transaction of connected institution
PVC announces the notice of transaction of connected institution as follows:
- Name of issuer: Drilling Mud Corporation
- Stock code: PVC
- Name of trading institution: Vietnam Oil and Gas Group
- Representative: Mr. Nguyen Ngoc Khanh
- Position of representative in the listed company: Chair of the Board
- Securities type: Common stock
- Number of shares held by the shareholder: 8,325,020 shares (52,12 % of charter capital)
- Number of shares to be disposed: 2,381,550 shares (14.91% of charter capital)
- Purpose of transaction: Decrease state holdings to enhance the company’s autonomy; supplement Coporate Support Fund, reinvestment
- Expected date of transaction: From 02/6/2010 to 23/7/2010.
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