TIẾNG VIỆT Binh Son Refinery plans to list shares on HOSE
The General Meeting of Shareholders of BSR focused on unifying the plan for 2023 and the orientation to put its shares on the HoSE in the third quarter of 2023. Photo by VTV.
The decision was made during the 2023 shareholders' general meeting of Binh Son Refining and Petrochemical Company organized on Thursday in Ho Chi Minh City.
Currently, BSR shares are traded on the UPCoM, whereby the ratio of registered shares to those issued in totality stands at 7.87%, denoting a quantity of 243.8 million shares.
The total number of shares issued by the BSR is more than 3.1 billion shares. Among these shares, the Vietnam Oil and Gas Group possesses a majority stake of 92.12%, which translates to a value exceeding 2.85 billion shares.
Presently, BSR Company is engaged in the assessment of ordinary shares that have satisfied the necessary criteria for enrollment in the register of securities listed on the Ho Chi Minh City Stock Exchange (HoSE).
BSR is engaged in coordinating with competent authorities to assess and elucidate its capacity to respond, exclusively concerning the category that pertains to the absence of liabilities that have remained overdue for over one year as of the period of registration, and no accumulative loss on either audited financial statements of the most recent year or semi-annual reviewed financial statements provided the registration occurs after the finalization of the semi-annual financial statements.
The crude oil market has been beset by complexity since the commencement of the third quarter and the cessation of the fourth quarter of 2022. Disruptions to the global supply chain, fluctuations in exchange rates, and inflation have engendered an escalation in production costs. Consequently, the procurement of crude oil imports has incurred exorbitant surcharges, resulting in heightened costs for input materials.
Nonetheless, the business outcomes of BSR in the year 2022 remained in line with expectations, as evidenced by its revenue of 168,900 billion VND, which stands as the most noteworthy figure since the commencement of Dung Quat Oil Refinery's operations in 2009 up to the current period. The production output achieved at an optimal operational capacity has been reported to exceed 100%, reaching up to 112% and resulting in the sale of more than seven million metric tons of diverse products.
In the year 2023, BSR Company is set to attain a revenue surge of 95,370 billion VND, while also increasing the production of their finished goods to an amount surpassing 5.6 million tons. Amongst the repertoire of products, diesel constitutes the majority with a volume exceeding 2.36 million tons, whereas RON 95 gasoline accumulates 1.38 million tons in quantity.
Source: VTV
