Thursday, 09:56, 25/02/2021
Japan’s ENEOS Corporation said it has registered to buy 25 million treasury stocks of the Vietnam National Petroleum Group (Petrolimex).
The purchase will be made from March 1-30 in the form of order matching on the stock market.
It previously acquired 13 million treasury shares of Petrolimex, or a stake of 1%, from August 27 to September 14, 2020.
A representative said the JX Nippon Oil and Energy Vietnam Co. Ltd., an affiliate of the ENEOS Corporation, currently holds more than 103.5 million Petrolimex shares, equivalent to an 8% stake.
Once this latest purchase is completed, the corporation will hold about 11% of Petrolimex. Meanwhile, Petrolimex still has 50 million treasury shares.