The starting price of the IPO is VND 24,600/share.
According to the Ho Chi Minh Stock Exchange, there were 336 investors registering to participate in the IPO by the end of the registration period.
Under the privatization plan, in addition to IPO 267,051,900 shares (accounting for 12.8355% of the Corporation's charter capital), there are also 3,424,100 shares (equivalent to 0.1645% of the charter capital) preferentially sold for employees and 749,124,000 shares (36% of the charter capital) sold to strategic investors.
Four investors have registered to become strategic investors of EVNGENCO 3. After the IPO session on 9 February 2018, these investors may participate in auctioning the remaining IPO shares to own up to 49% EVNGENCO 3’s charter capital.
On 27 December 1977, Deputy Prime Minister Vuong Dinh Hue signed Decision No. 2100/QD-TTg on approving Privatization plan of the parent company - EVNGENCO 3. The form of privatization is to maintain its current State-owned capital and issue more shares to increase its chartered capital.
The capital after EVNGENCO 3’s privatization is VND20,809 billion. Of which, EVN holds 1,061,300,000 shares, accounting for 51% of the capital. From 2020, EVN will consider divesting its contributed capital at EVNGENCO 3 less than the controlling level in case both of them are successful in restructuring their debts and negotiate with credit lending institutions.