Home Companies

Five firms to sell stake in A Vương Hydropower

Aug 18th at 09:37
18-08-2017 09:37:37+07:00

Five firms to sell stake in A Vương Hydropower

Five companies will sell their stakes in A Vuong Hydropower Joint Stock Company via a share auction at the Ha Noi Stock Exchange on August 22.

The shareholders are the Central Power Corporation, the Power Generation Corporation 1, EVN Ha Noi, Hai Phong Power Company Limited and Da Nang Power Company Ltd.

The companies will offload more than 5.66 million shares in A Vuong Hydropower JSC, worth VND56.6 billion (US$2.5 million), at a starting price of VND17,000 (75 US cents) per share.

A Vuong Hydropower JSC was founded in 2007 with VND1.12 trillion in charter capital. The company is headquartered in the central province of Quang Nam.

A Vuong runs several hydropower projects such as the A Vuong Hydropower Plant and the Song Bung Hydropower Plant, which generate 815 million kWh and 199 million kWh of electricity each year.

In addition, the company provides testing machines for industrial factories and oil-filtering devices for hydropower plants.

A Vuong hopes to earn VND573.8 billion in net revenue in 2017, VND124.3 billion in pre-tax profit and provide a dividend payout rate of 9 per cent.

bizhub

MOST READ

NEWS SAME CATEGORY

VPBank attracts $1.2b in pre-listing purchase offers
COMPANIES Aug 17th at 13:34

VPBank attracts $1.2b in pre-listing purchase offers

The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) will start listing 1.3 billion shares on the HCM Stock Exchange on Thursday, while having received...

MPC sees profit up 34 times
COMPANIES Aug 16th at 13:18

MPC sees profit up 34 times

Minh Phu Seafood Corporation (MPC) recorded a post-tax profit of VND101.4 billion (US$4.54 million) in the second quarter of this year, 34 times higher than the...

DQC sees plunge in profit
COMPANIES Aug 15th at 13:39

DQC sees plunge in profit

Dien Quang Lamp Joint Stock Company (DQC) saw a plunge in consolidated profit in the first six months of this year in general and the second quarter in particular.

HPG posts robust growth in steel production
COMPANIES Aug 15th at 08:22

HPG posts robust growth in steel production

Hoa Phat Group manufactured some 209,000 tonnes of steel in July, up 24.7 per cent from last month and nearly 50 per cent from the same period last year.

Lilama to trade on UPCoM from Aug 16
COMPANIES Aug 14th at 08:02

Lilama to trade on UPCoM from Aug 16

Vietnam Machinery Erection Corporation (Lilama) will start trading 79.7 million shares on the Unlisted Public Company Market (UPCoM) from August 16, two years after...

Vietjet honored as “The IPO Deal of the Year 2017”
COMPANIES Aug 14th at 08:01

Vietjet honored as “The IPO Deal of the Year 2017”

Vietjet was recently honoured as “The IPO Deal of the Year 2017” and “The Company with Best M&A Information Disclosure” at the M&A Awards 2016-17.

Dragon Capital, VinaCapital buy FPT Retail stakes
COMPANIES Aug 12th at 13:00

Dragon Capital, VinaCapital buy FPT Retail stakes

Information and communication technology group FPT Corporation has sold six million shares or 30 per cent of its stake in FPT Digital Retail JSC to funds managed by...

MSN's history of unique M&A
COMPANIES Aug 10th at 13:35

MSN's history of unique M&A

While M&A may be a new and strange activity to Vietnamese businesses, to Masan, it is simply a tool to be used for developing their long-term vision.

Coal companies report good H1 earnings
COMPANIES Aug 8th at 10:04

Coal companies report good H1 earnings

Listed coal producers recorded profits during the second quarter and first half of 2017, but the the second half of the year may not be so promising due to large...

TAG finishes electronics chain purchase negotiations
COMPANIES Aug 7th at 10:48

TAG finishes electronics chain purchase negotiations

Although detailed information about the electronics chain to be acquired by Mobile World Investment Corporation (MWG) has not been released yet, according to...

Read More

MOST READ

Back To Top