Petrolimex asks for divestment extensionThe Vietnam National Petroleum Group (Petrolimex) has asked the Government to extend its deadline for selling the State’s capital to the 2019-20 period instead of this year as currently planned. A corner of Petrolimex Quang Ninh Company’s port, a subsidiary of the Vietnam National Petroleum Group (Petrolimex). The largest petrol retailer has asked the Government to extend the deadline for its State divestment plan from 2018 to 2019-20. The amount of shares that should be offered for sale to reduce State ownership in Petrolimex to 51 per cent is estimated at 509.2 million shares, Petrolimex said. Net foreign capital was nearly VND47 trillion in 2017.

Source: VietNamNet News August 17, 2018 07:52 UTC