More IPOs in oil and gas industry planned this year
There would be more auctions of shares from oil and gas companies in the second half of 2016 under the directives of the government on equitisation of state-owned firms. On July 15, Deputy Prime Minister Trinh Dinh Dung told the first half meeting of the PetroVietnam Group that the group should continue to promote the restructuring of enterprises and investment activities. On July 12, Binh Son Refinery offered 7.97 million shares, equivalent to 45.53 per cent of the charter capital in Petro Vietnam Building and Commercial JSC, a member of the PetroVietnam Oil and Gas Group. In the last half of 2016, the initial public offering of three big names in the oil and gas industry included PetroVietnam Power Company, PetroVietnam Oil Corporation and Binh Son Refinery.
