EVNGENCO 3 earns nearly VND185 billion after IPO

The initial public offer of the parent company - Power Generation Corporation 3 (EVNGENCO 3) took place at the Ho Chi Minh City Stock Exchange dated 09/02/2018. The total value of the winning shares is VND184.81 billion.

Accordingly, there were 336 investors participated in the auction, including two institutional investors and 334 individual investors.

The total number of shares sold was over 7.45 million shares with the average winning price of VND24,802/share.

After this auction, EVNGENCO 3 will further sell to strategic investors 36% of shares (including domestic and foreign investors) and the number of IPO unsold shares.

EVNGENCO 3 will continue to implement the steps of equitization plan as approved by the Prime Minister including: Organizing tenders among strategic investors on March 15, 2018, completing the procedures to proceed the first General Meeting of shareholders, changing to a joint stock company and registering to trade stocks on UPCOM (stock exchange market of unlisted public companies) within 3 months from the IPO closing date.

EVNGENCO 3 is the operator of the power plants with a total capacity of 6,304MW, accounting for 16% of the total capacity of the Vietnam Power System, including typical plants such as Power Plants of Phu My, Mong Duong 1, Vinh Tan 2, Buon Kuop, etc. Most of power generated by EVNGENCO 3 is supplied to the load system in the Southern Vietnam. This region has a high power demand, while on-site supply is not sufficient, the load of 500kV power system of North – Central – South is limited, the power plants of EVNGENCO 3 shall continue to play an important role in the coming time.

  • 12/02/2018 12:05
  • evn.com.vn