An Pha Petroleum Group Joint Stock Company announced that it expects to receive VND 146.70 billion in funding from Saisan Joint Stock Company.
On June 30, 2014, the company announced that the board of directors approved the transaction. Dinh Ngoc Hai will subscribe for 1,170,000 shares. All securities to be issued will have a hold period of four months. Each shares to be issued will be have a par value of VND 10,000.
On July 30, 2014, the company started with the transaction.