Two more former leaders of the Binh Son Refining and Petrochemical Co., Ltd (BSR) have just been detained on the charge of abusing position and power to appropriate assets. Nguyen Hoai Giang (left) and Pham Xuan Quang are arrested on remand to investigate the alleged abuse of position and power to appropriate assets The Investigation Police Agency under the Ministry of Public Security said on May 10 that they had prosecuted and held BSR's former Chairman of the Member Council, Nguyen Hoai Giang, and former chief accountant Pham Xuan Quang on remand to investigate the alleged abuse of position and power to appropriate assets at the company and the Ocean Commercial Joint Stock Bank (OceanBank). On April 27, BSR's Deputy Director General, Vu Manh Tung, was also prosecuted and taken into temporary detention for the same charge. The arrest of the three former BSR's key staff followed the on-going court on the wrongdoings at the Oceanbank and PetroVietnam where Oceanbank's former … [Read more...] about Two more Binh Son Refining and Petrochemical leaders arrested
Refining and petrochemical
Binh Son Refining and Petrochemical JSC holds first shareholders’…
Shareholders voting at the meeting It was also attended by representatives of the Government Office, Ministry of Industry and Trade, Ministry of Finance and Vietnam National Oil and Gas Group. The event approved some important contents such as: regulations and operation of BSR, plan to develop the company for the 2018-2020 period and plan for business and production in 2018, the number of members of the Board of Directors and Board of Supervisors for the first term from 2018 to 2020, salary plan and selection of auditors for financial statements in 2018. At the meeting, shareholders asked many questions for the Presidium, such as: setting plan for the following years, announcing information and roadmap for divestment, progress of expanding and upgrading Dung Quat Oil Refinery Plant, and financial information for BSR. The meeting voted 5 members of the BSR Board of Directors for the first term, including: Mr. Ha Dong, member of the BSR Board of Members; Mr. Nguyen Quang Hoa, member … [Read more...] about Binh Son Refining and Petrochemical JSC holds first shareholders’…
ANNOUNCEMENT OF INVITATION TO THE FIRST GENERAL MEETING OF SHAREHOLDERS OF BINH SON REFINING AND PETROCHEMICAL JOINT STOCK COMPANY
ANNOUNCEMENT OF INVITATION TO THE FIRST GENERAL MEETING OF SHAREHOLDERS OF BINH SON REFINING AND PETROCHEMICAL JOINT STOCK COMPANY To: Shareholders of Binh Son Refining and Petrochemical Joint Stock Company Binh Son Refining and Petrochemical Company Limited has the honour to inform and invite Shareholders to participate in the first General Meeting of Shareholders of Binh Son Refining and Petrochemical Joint Stock Company which will be held as follows: 1. Time: 7.30 a.m 21st June 2018 2. Place: Ocean Blue Convention Center, No. 268 Tran Hung Dao Street - Quang Ngai City - Quang Ngai Province 3. General Meeting Content: 4. Participants: 5. Registration for participation and comment on the content of the General Meeting, nomination and candidacy:www.bsr.com.vn (Section of Equitization/Publish News). Shareholders have the right to propose issues in writing and all the nomination, candidacy please submit to the Organizing Committee at least 2 days before the date of the General … [Read more...] about ANNOUNCEMENT OF INVITATION TO THE FIRST GENERAL MEETING OF SHAREHOLDERS OF BINH SON REFINING AND PETROCHEMICAL JOINT STOCK COMPANY
Binh Son Refining and Petrochemical Company to sell shares, seek out experienced investors
Binh Son Refining and Petrochemical Company Limited (BSR), the operating and managing unit for the Dung Quat Refinery, has sent invitations to 15 domestic and foreign investment funds in preparation for its initial public offering (IPO) in the third quarter of 2017. Dung Quat Refinery in Quang Ngai Province. Tran Ngoc Nguyen, Chief Executive Officer of BSR, said that the equitisation progress will allow investors to be early benefactors of the company’s plan to develop the national oil refining market. BSR has submitted its net worth auditing process to authorities in order to publish the official results this month. The company has also finished its equitisation strategy and submitted it to the Vietnam Oil and Gas Group for approval, while actively looking for share buyers and strategic investors. The company’s equitisation progress aims to pave the way for future strategic investment plans in the oil refining and deep processing fields. BSR’s … [Read more...] about Binh Son Refining and Petrochemical Company to sell shares, seek out experienced investors
NOTICE OF THE INITIAL PUBLIC OFFERING OF BINH SON REFINING AND PETROCHEMICAL CO., LTD
NOTICE OF THE INITIAL PUBLIC OFFERING OF BINH SON REFINING AND PETROCHEMICAL CO., LTD Pursuant to Decision No. 1978/QD-TTg dated 08/12/2017 of the Prime Minister on the approval of Equitization Plan of Binh Son Refining and Petrochemical Co., Ltd; the Organizing Board of the Public Offering would like to announce the Offering process as follows: 1. Issuer: BINH SON REFINING AND PETROCHEMICAL CO., LTD 2. Head Office: 208, Hung Vuong Boulevard, Tran Phu Ward, Quang Ngai City, Quang Ngai Province 3. Telephone: (084) 255 3825825 Fax: (084) 255 3825826 4. Charter Capital: … [Read more...] about NOTICE OF THE INITIAL PUBLIC OFFERING OF BINH SON REFINING AND PETROCHEMICAL CO., LTD