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PLX [NON-RATED] - Vietnam’s leading petroleum retailer to list in late April - Listing note

PLX is Vietnam’s leading petroleum distributor with 48% market share. PLX plans to list from April 18-21. The listing price will be higher than VND39,000/share, which is the price that JX Nippon Oil & Energy VN paid to purchase an 8% stake in 2016. PLX’s market cap of USD2.8 billion at its current OTC price would rank it among the 10 largest companies in the VN-Index.