EVN’s Vice President Dinh Quang Tri (who is speaking) introduced opportunities to invest in EVNGENCO 3 to potential strategic investors at the Roadshow in Singapore on January 12, 2018
The roadshow was organized by EVN with the aim of finding strategic investors who are financially capable and have strengths in management and operation of power plants.
There were 19 investors who are big names in the region and in the world in the energy area such as Ratchaburi, Nebras Power, GS Energy Corporation, Siemens AG, GE Capital, Itochu, Datang Power, Keppel Infrastructure, Osaka. Gas, etc. and many financial institutions, prestigious law firms (Mizuho, Hogan Novells, etc.).
At the Roadshow, investors raised a number of questions about Power Purchase Agreement (PPA), roadmap of selling shares to strategic investors, deposits, pricing for strategic investors, future development plan of EVNGENCO 3, fuel supply contracts (gas, coal), etc.
EVN’s Vice President Dinh Quang Tri and EVNGENCO 3’s General Director Dinh Quoc Lam answered questions of investors, including concerns about policies to protect foreign investors in Vietnam or difficulties faced by investors when registering to buy shares and depositing in a short time.
At the end of the Roadshow, some investors continue to express their interests and wishes to become strategic investors of EVNGENCO 3 and promise to timely submit EVN registration dossiers to become strategic investors.
Up to January 15, 2018, EVN has received a number of official registrations from foreign investors, registering to buy up to 36% of EVNGENCO's charter capital. EVN will report to the competent authorities to sell shares to strategic investors by auction method.
With the governance strength inherited from EVN, the market power of EVNGENCO 3 and the right to participate in executive management as soon as the Corporation becomes a joint stock company, EVN believes that the registered investors will participate in an attractive auction to become strategic shareholders of EVNGENCO 3, soon entering in the electricity market in Vietnam effectively.
According to the Prime Minister's Decision No. 2100/QĐ-TTg dated December 27, 2017 on approval of the equitization plan of parent company – Power Generation Corporation 3 (EVNGENCO 3), the number of shares to be sold to strategic investors is 749.12 million shares, accounting for 36% of the charter capital.
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Meetings organized by EVN in Vietnam to provide information to potential strategic investors:
- January 5, 2018: EVN announced information on seeking strategic investors and at the same time EVN sent letters to interested investors who wish to become strategic investors of EVNGENCO3.
- January 9, 2018: EVN held a meeting with investors at its headquarters (11 Cua Bac, Hanoi) with the participation of seven investors. Five among them signed Non - Disclosure Agreements (NDA) with EVNGENCO 3 before accessing the data room and being provided with detailed information about the financial status, production and business performance of EVNGENCO 3.
- January 10, 2018: EVNGENCO 3 held a meeting with investors in Ho Chi Minh City, most of them are investment funds and securities companies.
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