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CNG Viet Nam plans to sell stake in PVS Gas as part of restructuring

Update: May, 18/2013 - 09:28

HCM CITY (VNS)— CNG Viet Nam planned to divest all of its holdings in PV Gas (GAS) next month, selling 100,000 GAS shares with the aim of restructuring its investment portfolio, the company announced.

The price of GAS has been increasing for almost a week, reaching VND54,500 (US$2.60) a share, the highest level since its debut on the stock exchange. CNG Viet Nam expects to earn around VND5.5 billion ($262,000) from the sale. — VNS

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