PVD’S deputy general director to sell 10,000 shares

Tuesday, April 15, 2008
PVD’S deputy general director to sell 10,000 shares
PetroVietnam Drilling and Well Services Joint Stock Co., one of the 10 largest stocks on the Ho Chi Minh Stock Exchange, said its deputy general director would reduce his stake to 21,863 shares by selling 10,000 shares.
The sales, due to start on April 16, will conclude on June 30, the exchange said on its website.
The firm, which offers technical services for the oil and natural gas industry, lost VND2,000, or 1.77 percent, to close at VND111,000 on Friday.
Its share price has fallen 27.5% this year.
PetroVietnam Drilling and Well Services, which trades on the market under the code of PVD, also announced it had earned a net profit of VND170 billion (US$10.5 million) in last year’s fourth quarter. (TN)