Binh Son Refinery stake sale attracts huge attention4,080 investors registered to buy 652 million shares in Binh Son Refining and Petroleum Co., Ltd., the operator of Dung Quat Refinery. Despite the pertaining issues in BSR's feasibility, investors registered to buy 2.7 times the share volume on offerNotably, 3,958 domestic individuals registered to buy 248 million shares, and 48 foreign organisations and 67 foreign investors registered 65 million and 338.6 million shares, respectively. With this initial price, BSR expects to acquire at least VND3.5 trillion ($154.1 million) in proceeds. Furthermore, investors need to take into account BSR’s previous ineffective investment projects, one of which is Central Biofuels JSC. BSR poured VND742 billion ($32.6 million) into the company but it is operating in a loss.

Source: VietNamNet News January 15, 2018 07:30 UTC