Binh Son refiner to trade on UPCoM in MarchBinh Son Refining and Petrochemical Company (BSR) will trade shares on the Unlisted Public Company Market (UPCoM) with code BSR on March 1. The IPO attracted more than 4,000 investors, placing bids for nearly 652 million shares – 2.7 times the number of shares offered for the IPO. BSR earned $244 million from the IPO at the average selling price of VND23,043 per share. The company will sell 49 per cent of its charter capital to the strategic investor and 6.5 million shares to its employees at the preferential price level. The State will reduce its ownership in BSR to 43 per cent from the previous 100 per cent.

Source: VietNamNet News February 26, 2018 01:07 UTC