SouthEast Petrovietnam Fertilizer and Chemicals Joint Stock Company – PVFCCo SE (PSE) will delay the schedule of stock listing on the Hochiminh City Stock Exchange (HOSE) until the market shows more positive signals.
Previously, the company has completed the procedures on listing its stocks on HOSE. However, its leaders stated that due to the current unfavorable market conditions, the stock listing plan would be delayed till the market looks better.
Reportedly, PVFCCo SE is a member unit of Petrovietnam Fertilizer and Chemicals Corporation – PVFCCo (HOSE: DPM). PVFCCo SE went equitized in 2011 with charter capital of VND 125 billion, with DPM holding 75%.
In 2012, PSE sales reached 390,000 tons of fertilizers with the revenue of over VND 3,600 billion (representing 112% of the annual plan). Gross profit of PSE is expected to reach VND 52 billion, exceeding the annual plan by15%.
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