EVNGENCO 3 officially operating as joint stock company from 1 October 2018

This is the information presented at the first General Meeting of Shareholders for the Power Generation Corporation 3 - Joint Stock Company (EVNGENCO 3) on 17 September in Ho Chi Minh City. Shortly after the meeting, EVNGENCO 3 shall conduct business registration and transform its operating model into a joint stock company in accordance with the State’s regulations.

The total 122 direct shareholders and authorized ones out of total 331 investors purchasing shares of EVNGENCO 3, representing for more than 1.065 million shares, equaling 99.65% of the entitled-to-vote shares participated at the General Meeting.

Mr. Duong Quang Thanh - Chairman of EVN’s Member Council  (MC), Head of Equitization Steering Committee of Parent company - Power Generation Corporation 3 giving speech at General Meeting

The General Meeting sequentially announced Decision No. 2100/QD-TTg on equitization; decisions on adjusting the equitization option issued by the Prime Minister; summary report on implementing equitization of Power Generation Corporation 3.

The shareholders also voted to approve the draft contents on Charter of organization and operation; plan of production and business in 2018 and plan of restructuring EVNGENCO 3.

Also, at the Meeting, the shareholders voted to approve the list of nominees, candidates and conducted the election of independent members under the Management Board, controller of term I (2018 - 2023) at EVNGENCO 3.

After announcing the results of the election, the Management Board, Supervisory Board for term I conducted its first meeting, elected Mr. Nguyen Van Le as Chairman of Management Board, appointed Mr. Dinh Quoc Lam as General Director of EVNGENCO 3, and Mr. Pham Hung Minh as the Head of the Supervisory Board.

Mr. Duong Quang Thanh - Chairman of EVN’s MC (4th from left), Mr. Mai Quoc Hoi - Member of EVN’s MC (top on left), Mr. Khuat Quang Mau - Presiden t of Vietnam Electricity Trade Union (top on right) giving flowers to congratulate members of EVNGENCO 3’s Management Board term I (2018-2023)

According to Mr. Duong Quang Thanh, Chairman of EVN’s MC, Head of Equitization Steering Committee of EVNGENCO 3, this is a major turning point for the Corporation to take advantages and opportunities to more rapidly develop itself in the future.

- On 9 February 2018: EVNGENCO 3 organized its initial public offering (IPO) with 267 million shares (accounting for 12.8% of the total charter capital) at the Ho Chi Minh City Stock Exchange (HoSE)

+ Results: 331 investors successfully auctioned with the total purchase quantity of more than 7 million shares

+ Average successful auction price: VND 28,100/share

- On 21 March 2018: shares of EVNGENCO 3 were listed on stock exchange UPCoM with stock code PGV.


  • 17/09/2018 10:05
  • evn.com.vn