Licogi 13 (LIG) to transfer entire stake in Quang Tri Solar Power Company
Licogi 13 (LIG) to transfer entire stake in Quang Tri Solar Power Company
The Board of Directors of Licogi 13 JSC (LIG) plans to transfer 100 per cent of their stake in Quang Tri Solar Power Company Limited to VN Green Holdings Pte Ltd, a company specialising renewable energy under Dragon Capital group.The value of the transfer is expected to reach more than VND456 billion (US$19.9 million).
VN Green Holdings is a foreign organisation with more than 25 years operating in Viet Nam, with financial potential and investment experience in many fields. The acquisition of the stake in Quang Tri Solar Power Company is part of its energy investment strategy, demonstrating a strong commitment to sustainable investment in Viet Nam.
Quang Tri LIG solar power plant has a capacity of 49.5MWp with a designed output of 67,960 MWh per year. The plant has been in operation since May 2019, fully enjoying the Government's incentives in renewable energy.
Quang Tri Solar Power Company Limited currently has a charter capital of nearly VND242 billion, wholly owned by LIG.
In 2020, LIG established three companies in Quang Tri, LIG Quang Tri Solar Power JSC, LIG Energy JSC and Licogi 13 Solar Power Company Limited.
However, due to failing to meet the prescribed conditions, the above units were dissolved.
On the stock market, LIG is currently traded at VND7,000 per share, up nearly 15 per cent compared to early this year.
