Only 3 per cent of a total of 267 million shares offered in the initial public offering (IPO) of Power Generation Corporation 3 (Genco 3) on Friday were sold successfully, a poor result given the high market expectations before the...
Four foreign investors from India, Thailand, South Korea and the Middle East registered to buy 36 per cent of the charter capital at the Power Generation Corporation 3 (Genco 3) to become its strategic investors.
Electricity of Viet Nam (EVN) said on Monday it received formal registrations from foreign investors to buy 36 per cent charter capital at the Power Generation Corporation 3 (Genco 3).
The Power Generation Corporation 3 (Genco 3) will put more than 267 million shares, accounting for 12.8 per cent of its charter capital, up for sale in its initial public offering (IPO) in February 2018.
Businesses under the industry and trade ministry have not attracted
foreign strategic investors during their privatisation, the ministry''s
board for enterprise renewal and development''s deputy head Phan Dang
Tuat said.
Electricity of Viet Nam (EVN) has completed divestment from three real
estate companies, while reducing its capital at EVN Finance Company to
16.5 per cent of its original charter capital.
Power Generation Corporation 1 (Genco 1) and Da Nhim-Ham Thuan–Da Mi
hyower joint-stock company on February 10 launched the Da Nhim
hyower plant expansion in the southern province.
The privatisation of Power Generation Corporation 3 (Genco 3), which is
fully owned by the Electricity of Vietnam, will be conducted next year,
the Ministry of Industry and Trade has announced.