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Gas company invests in new equipment

Update: June, 18/2012 - 10:00

HA NOI — PetroVietnam Low Pressure Gas Joint Stock Co (PGD) said it had used VND69 billion (US$3.32 million) to invest in the Nhon Trach gas supply system and expected to spend VND30 billion ($1.44 million) on buying another gas system.

The amounts, totalling VND99 billion ($4.76 million), were raised from an initial public offering in 2010 by which the company raised its equity from VND330 billion ($15.87 million) to VND429 billion ($20.63 million). — VNS

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