Saturday, September 15, 2007

Vietnam's Petroleum Technical Services Corp to made debut in Hanoi bourse

PTSC shares to made debut in Hanoi bourse

Nhan Dan Online - All 100 million shares worth totalling VND 1 trillion (according to the par value) of the Petroleum Technical Services Corp, a subsidiary of Vietnam Oil and Gas Group (Petrovietnam), will be officially listed on the Hanoi Securities Trading Centre on September 20, the company has announced.

Shares of the company will be listed under the symbol PVS.

PTSC will become the 91st firm listed on the Hanoi bourse after the Sai Son Cement Company, which plans to float its shares on September 19.

PTSC provides diversified technical services for the oil and gas industry inside and outside Vietnam.

PTSC has now more than 4,000 experienced and qualified employees. Total asset value of PTSC is now nearly US $200 million and the 2006 revenue is about US $270 million.

With 14 subsidiaries, PTSC has become a multi-sector corporation and a leader in providing oil and gas technical services in Vietnam and has established good reputation in Southeast Asia region

Earlier on September 12, another PetroVietnam subsidiary, PetroVietnam Tourism and Services Joint Stock Company (Petrosetco) listed over 25.5 million shares on the Ho Chi Minh Stock Exchange.