slide

PVFCCo holds meeting with Investors

22/06/2018

In the afternoon of 21 June 2018, at headquarters of 43 Mac Dinh Chi Street (Ho Chi Minh City), PetroVietnam Fertilizer and Chemicals Corporation held the "Meeting with Investors" to brief them on business performance in the first 6 months and estimated plans in the last 6 months as well as the implementation of PVFCCo’s key projects.

Attendees included, from Petrovietnam (PVN) – Mr. Dinh Van Son – PVN Board member; from Ho Chi Minh City Stock Exchange, Ms. Tran Thi Thuy Linh - Deputy Head of Listing Management and Verification Division, from PVFCCo, Mr. Le Cu Tan – Board Chairman, Mr. Doan Van Nhuom – Board Member, President & CEO, other members of Board of Directors, Supervisory Board, Management Board, and departments, divisions, subsidiaries of PVFCCo.

The meeting was also attended by about 50 representatives from institutional shareholders, individual shareholders both home and abroad, stock companies and journalists and reporters.

At the meeting, Mr. Doan Van Nhuom, President & CEO reported on PVFCCo’s business resultsin the past 6 months with positive revenue and profit thanks to the operation of chemical technology NH3-NPK Complex and strong demand for fertilizers. He also elaborated on key tasks in the last 6 months of the year and briefed the audience with good news on the NH3 -NPK project implementation and the launch of chemical technology NPK fertilizer to market. During the meeting, PVN’s leaders and PVFCCo’s Board of Management discussedand directly answered shareholders’ questions and concerns on the market forecast, the operation of NPK-NH3 complex, second-half plan, the possibility to adjust its business plan if the business conditions remaining favorable as in the first half, cost reduction, gas price roadmap, state capital divestment plan and orientation for research and development of organic products in the trend of clean agriculture ... Due to the program time constraint, PVFCCo’s leaders and IR department would continue responding to other concerns of shareholders in accordance with the regulations.

Mr. Dinh Van Son, BOD member of PVN as the major shareholder of PVFCCo, also said that PVN was submitting the divestment plan for the State capital in PVFCCo reduced to51% to competent authorities. And PVN also planned to continue with the roadmap to reduce the State capital in PVFCCo tounder51% so that other investors could get involved in corporate management to keep in line with the modern trend. At the same time, PVN also undertook to ensure a stable gas supply for PVFCCo's production and would balance the gas prices appropriately.

Below are some photos: