Two Vietnamese power companies announced Friday plans to offer shares to the public this month as part of the government’s efforts to restructure state-owned companies.
Ba Ria Thermopower Co. said it hoped to raise increase its capital by VND190.58 billion (12mio US$) by auctioning 12.1 million shares on March 15. The oil-fired power plant, which now has a registered capital of VND605 billion, will hold the auction at the Hanoi stock exchange.
Thac Mo Hydropower Company expects to raise around VND280 billion (17.5mio US$) from a public issue on March 29. The company has a registered capital of VND700 billion and its auction too will be held in Hanoi.
Neither company, however, said when they plan to list on the stock market.
Source: Thanh Nien
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