PV Power set for August IPO
Monday, April 17,2017AsemconnectVietnam - PetroVietnam Power Corporation (PV Power) has decided to make its initial public offering (IPO) this August, the electricity producer announced.
The amount of shares offered for the public sale accounts for just 3-4% of its capital.
It also plans to sell a 45% stake to long-term strategic investors this year and can up the stake to 60%, depending on the approval of the Government.
The sale of 49% stake could fetch about US$600 million for the power producer.
PV Power has met some strategic investors such as VinaCapital Investment Management Ltd., BNP Paribas, Standard Chartered, Deloitte, Indochina Capital Corporation and Dragon Capital.
PV Power is a member company of the Vietnam Oil and Gas Group (PetroVietnam) and is currently the second largest power supplier in Vietnam, behind Electricity of Vietnam (EVN).
The corporation has targeted revenue of VND29 trillion (US$1.29 billion) in 2017, a year-on-year increase of 9.3%.
Source: vov.vn
ABBANK (ABB) issuance shares, raising the charter capital to more than VND10,350 billion
HDBank (HDB) tobe approved to pay 15% stock dividend, increasing capital by nearly VND3,800 billion
Taseco Aviation Services (AST) expected to reach VND155 billion in 2023
ACB increased charter capital to VND38,840 billion
Yen Bai Minerals (YBM) aims to grow more than 10% in 2023
Vietnam Rubber Group (GVR): Profit expected to decrease by 10.3% to VND4,264 billion in 2023
SmartInvest Securities (AAS) received a license to issue shares with a dividend rate of 50%
Vietnam Electricity Construction (VNE) targets 2.4 times more profit after tax in 2023
In Q1/2023, Thuduc House (TDH) plans to make a profit in 2023 18 times higher than Q1/2022
Petrosetco (PET) continues to record profit in April 2023, down 12.1%, reaching VND18 billion
Petrovietnam (PVN) exploited 4.41 million tons of crude oil in the first 5 months
PVChem (PVC) poured VND60 billion to establish PVChem Industrial Technical Services Company
Nam Viet (ANV) expects profit to decrease by 35.4% to VND500 billion in 2023
Petrovietnam (PVN) exploited 4.41 million tons of crude oil in the first 5 months of 2023
Plan on implementing national strategy on climate change ...
Actively and effectively adapting, reducing vulnerability, loss and damage due to climate change; reduce greenhouse gas emissions ...Scheme on attracting, restructuring and improving quality ...
Urban development plan of Binh Phuoc province in a period ...
Plan on implementing Decision No. 327/QD-TTG dated March ...
Hung Kings Temple Festival 2023 kicks off
The Hung Kings Temple Festival 2023 and the Culture and Tourism Week of Ancestral Land 2023 kicked off in the northern province of Phu Tho ...Vietnam trounce Palestine at AFC U-17 Women's Asian ...
Phu Tho: Festival honours UNESCO intangible cultural ...
Saigontourist Group Food and Culture Festival 2023 opens
Vietnam’s top swimmer Huy Hoang to hold Vietnamese flag at ...