In 2024, BSR produced and sold more than 6.6 million tons of various products - ensuring national energy security. This plan was developed based on the requirements of the BSR Shareholders' Meeting in Resolution No. 1575/NQ-BSR dated May 23, 2024 and Decision No. 1978/QD-TTg dated December 8, 2017 of the Prime Minister stipulating that BSR's current charter capital does not include capital for the Dung Quat NMLD NCMR Project. This capital increase will be implemented through the issuance of bonus shares, paying dividends in shares from the Development Investment Fund and Undistributed Profit after tax, with a total bonus distribution ratio of 61.5%. Increasing charter capital is an urgent requirement to meet capital needs and increase efficiency for the Dung Quat NMLD NCMR Project - an important project approved by the Prime Minister for investment to increase the plant's production capacity to 171,000 barrels/day, diversify input materials, ensure stable and long-term supply, optimize production costs, and enhance competitiveness. At the same time, the project will help the plant's products meet Euro V standards, contributing to the sustainable development of Vietnam's petrochemical industry and ensuring national energy security. Previously, on December 12, 2024, the Ho Chi Minh City Stock Exchange (HSX) issued a decision approving the listing of BSR shares. With the roadmap of January 17, 2025, BSR will officially trade on HoSE, along with the successful implementation of the plan to increase charter capital in 2025, which will be an important premise for BSR's sustainable development and increase value for investors. Source: https://bsr.com.vn/?lang=vi#/bai-viet/bsr-co-ke-hoach-tang-von-dieu-le-len-50-nghin-ty-dong
BSR plans to increase charter capital to 50 trillion VND
Việt Nam•31/12/2024The plan to increase charter capital to nearly 2 billion USD of Binh Son Refining and Petrochemical Joint Stock Company (BSR) has been approved by the Vietnam Oil and Gas Group (Petrovietnam). On December 24, the plan to increase charter capital of BSR to 50,073 billion VND was approved by the Vietnam Oil and Gas Group and is being submitted to the competent authority with the expectation of receiving approval before the first quarter of 2025. This capital increase is to meet the investment capital demand for the Dung Quat Refinery and Petrochemical Project and BSR's long-term development strategy until 2030, with a vision to 2045. In 2024, BSR produced and sold more than 6.6 million tons of various products - ensuring national energy security. This plan was developed based on the requirements of the BSR Shareholders' Meeting in Resolution No. 1575/NQ-BSR dated May 23, 2024 and Decision No. 1978/QD-TTg dated December 8, 2017 of the Prime Minister stipulating that BSR's current charter capital does not include capital for the Dung Quat NMLD NCMR Project. This capital increase will be implemented through the issuance of bonus shares, paying dividends in shares from the Development Investment Fund and Undistributed Profit after tax, with a total bonus distribution ratio of 61.5%. Increasing charter capital is an urgent requirement to meet capital needs and increase efficiency for the Dung Quat NMLD NCMR Project - an important project approved by the Prime Minister for investment to increase the plant's production capacity to 171,000 barrels/day, diversify input materials, ensure stable and long-term supply, optimize production costs, and enhance competitiveness. At the same time, the project will help the plant's products meet Euro V standards, contributing to the sustainable development of Vietnam's petrochemical industry and ensuring national energy security. Previously, on December 12, 2024, the Ho Chi Minh City Stock Exchange (HSX) issued a decision approving the listing of BSR shares. With the roadmap of January 17, 2025, BSR will officially trade on HoSE, along with the successful implementation of the plan to increase charter capital in 2025, which will be an important premise for BSR's sustainable development and increase value for investors. Source: https://bsr.com.vn/?lang=vi#/bai-viet/bsr-co-ke-hoach-tang-von-dieu-le-len-50-nghin-ty-dong
In 2024, BSR produced and sold more than 6.6 million tons of various products - ensuring national energy security. This plan was developed based on the requirements of the BSR Shareholders' Meeting in Resolution No. 1575/NQ-BSR dated May 23, 2024 and Decision No. 1978/QD-TTg dated December 8, 2017 of the Prime Minister stipulating that BSR's current charter capital does not include capital for the Dung Quat NMLD NCMR Project. This capital increase will be implemented through the issuance of bonus shares, paying dividends in shares from the Development Investment Fund and Undistributed Profit after tax, with a total bonus distribution ratio of 61.5%. Increasing charter capital is an urgent requirement to meet capital needs and increase efficiency for the Dung Quat NMLD NCMR Project - an important project approved by the Prime Minister for investment to increase the plant's production capacity to 171,000 barrels/day, diversify input materials, ensure stable and long-term supply, optimize production costs, and enhance competitiveness. At the same time, the project will help the plant's products meet Euro V standards, contributing to the sustainable development of Vietnam's petrochemical industry and ensuring national energy security. Previously, on December 12, 2024, the Ho Chi Minh City Stock Exchange (HSX) issued a decision approving the listing of BSR shares. With the roadmap of January 17, 2025, BSR will officially trade on HoSE, along with the successful implementation of the plan to increase charter capital in 2025, which will be an important premise for BSR's sustainable development and increase value for investors. Source: https://bsr.com.vn/?lang=vi#/bai-viet/bsr-co-ke-hoach-tang-von-dieu-le-len-50-nghin-ty-dong
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