Hydropower company announces public offer
The Da Nhim-Ham Thuan-Da Mi Hydropower Joint Stock Company will make an
initial public offering of almost 106 million shares on June 30 through
an auction to be held at the HCM City Stock Exchange.
The Da Nhim-Ham Thuan-Da Mi Hydropower Joint Stock Company will make an
initial public offering of almost 106 million shares on June 30 through
an auction to be held at the HCM City Stock Exchange.
The reserve price has been fixed at 14,000 VND.
The IPO will reduce the State's stake in the company to 75 percent.
Da Nhim-Ham Thuan-Da Mi has four power plants in Lam Dong, Ninh Thuan and Binh Thuan provinces with a total capacity of almost 643MW.
It is the third largest hydropwoper producer in Vietnam , accounting for around 4 percent of the total commercial electricity output.
However, with a number of projects under development by others, its share is set to decline.
The company has stakes in hydropower projects like A Vuong, Serepok, Se San 4 and Song Ba Ha, and plans to invest in wind power projects in Ninh Thuan and Binh Thuan.
The company also has interests in passenger transport, afforestration, water supply and real estate.
It has set itself a net profit target of 251 billion VND (13.2 million USD) this year and 254 billion VND in 2011./.
The reserve price has been fixed at 14,000 VND.
The IPO will reduce the State's stake in the company to 75 percent.
Da Nhim-Ham Thuan-Da Mi has four power plants in Lam Dong, Ninh Thuan and Binh Thuan provinces with a total capacity of almost 643MW.
It is the third largest hydropwoper producer in Vietnam , accounting for around 4 percent of the total commercial electricity output.
However, with a number of projects under development by others, its share is set to decline.
The company has stakes in hydropower projects like A Vuong, Serepok, Se San 4 and Song Ba Ha, and plans to invest in wind power projects in Ninh Thuan and Binh Thuan.
The company also has interests in passenger transport, afforestration, water supply and real estate.
It has set itself a net profit target of 251 billion VND (13.2 million USD) this year and 254 billion VND in 2011./.
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