COM: Saigon Petro to buy COM’s shares
On May 31, 2011, the Ho Chi Minh City's One-Member Limited Liability Petroleum Company Limited (Saigon Petro) officially sent documents to offer to buy shares of Materials - Petroleum Joint Stock Company (COMECO) (HOSE: COM) publicly.
1. Information about the buyer:
- Company name: Ho Chi Minh City's One-Member Limited Liability Petroleum Company Limited (Saigon Petro )
- Charter capital: VND500 billion
- Address: 27 Nguyen Thong, District 3, Hochiminh City.
- Tel: (84-8) 39307363 Fax: (84-8) 39307642
- Company where SAIGON PETRO opens its account: Baoviet Securities Joint Stock Company (BVSC)
- Account number: 001C600047
2. Relationship between Saigon Petro and Comeco: Saigon Petro is a major shareholder of Comeco.
3. Current owning volume of Saigon Petro in Comeco: 3,381,930 shares (24.59% of total outstanding volume of Comeco)
4. Volume registered to buy: 330,260 shares (2.4% of total outstanding volume of Comeco)
5. Buying price: VND33,600/share
6. Purpose: To increase the owning ration of Saigon Petro In Comeco to 25%; and to become COMECO’s strategic partner.
7. Trading time: From June 10, 2011 to July 10, 2011.
8. Trading method: Put-through method via the Hochiminh Stock Exchange.
9. Agent for the trading: Baoviet Securities Joint Stock Company (BVSC).
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