Binh Son Oil Refinery to sell PVBuilding stake

Binh Son Oil Refinery (BSR) has announced it will sell nearly 8 million shares of PetroVietnam Building and Commercial Joint Stock Company (PVBuilding) at an auction.

The auction is set to take place on the Ha Noi Stock Exchange (HNX) on July 12.

HNX said 7.8 million PVBuilding shares were being offered at a starting price of VND12,200.

With charter capital of VND175.22 billion, PV Building, based in Quang Ngai Province, is a professional builder of houses and trader of plastic products.

Currently, BSR holds 96.5 per cent of the firm. The shares on offer are equivalent to 46 per cent of PVBuilding. Cam Thanh Guesthouse is the second-largest holder, with 3.14 per cent of the stake. The firm's employees own less than 0.5 per cent of the firm.

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