(Adds source of news as chairman in headline.)
HANOI, March 29 Vietnam's top fuel importer and
distributor Petrolimex plans to list all of its shares on the Ho
Chi Minh Stock Exchange on April 21, its chairman said on
A price for the listing has not been decided, chairman Bui
Ngoc Bao told reporters on the sideline of Petrolimex's listing
roadshow, but would not be lower than the price sold to Japanese
strategic investor JX Holdings.
Petrolimex's shares are currently traded on Vietnam's
over-the-counter market at around 47,000-50,000 dong
($2.02-$2.19) per share, Bao said, bringing the company's value
to $2.7-$2.8 billion.
The listing of Petrolimex, which had its initial public
offering in 2011, is part of the Vietnamese government's push to
privatise state-owned firms to attract investment. Three-fourths
of Petrolimex is currently owned by the government JX Holdings
owns another 8 percent.
(Reporting by Mai Nguyen; Editing by Christian Schmollinger)