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NEWS UPDATES Asean Affairs    25 April  2016  

PIJICO to offer 20% of shares to investors

Vietnam: Petrolimex Insurance Company (PJICO), code PGI, will issue 20 per cent of its shares to investors to raise its charter capital to VNĐ1 trillion (US$44.7 million), it was announced at the annual shareholders’ meeting on Thursday.

Without revealing the names of the investors, general director of PJICO Đào Nam Hải said the firm was working with two foreign investors who paid attention to the stake, which would account for 17.7 million shares.

After raising the capital, the dominant shares in Petrolimex will be reduced from over 51 per cent to 42.5 per cent.

Hà Nội-based PJICO, serving the vehicle and asset insurance industry, reported VNĐ2.2 trillion in revenue last year, an increase of 5 per cent over 2014. It seeks another five per cent increase in revenues this year.

On Thursday, each share rose 0.6 per cent to close at VNĐ15,500 on the HCM Stock Exchange.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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