Vietnam Electricity (EVN) has sold 16.25 million shares of its financial arm EVN Finance Joint Stock Company (EVN Finance) for more than VND219 billion (US$9.6 million) in an auction on the Ha Noi Stock Exchange on Friday.
Easy Credit, a brand name under the consumer credit division of EVN Finance, is expanding its business network to provinces in the Mekong Delta and Southeastern region, three months after its official launch in early October.
EVN Finance Joint Stock Company, a subsidiary of the Electricity of Viet Nam Group, on Monday officially launched the consumer finance brand Easy Credit for people on low incomes.
EVN Finance Joint Stock Company will debut 250 million shares on the Unlisted Public Company Market (UPCoM) on August 7, coded EVG, with a reference price of VND12,200 (US$0.53) per share.
Ha Noi Stock Exchange (HNX) has announced that Electricity of Viet Nam (EVN) will auction 15 per cent of its stake, equivalent to 37.5 million shares, in EVN Finance Joint Stock Company.
The Electricity of Viet Nam (EVN) will auction 62.5 million shares of
EVN Finance Joint Stock Company, or 25 per cent of its stakes, on the Ha
Noi Stock Exchange next month, the exchange announced on the website.