The company estimates its total revenue will likely hit 33.36 trillion VND by year-end, exceeding the yearly target by 6 percent (Photo: tinnhanhchungkhoan.vn) Hanoi (VNA) - The PetroVietnamPower Corporation (PV Power) will cancel the trading of more than 467.8 millionshares on the Unlisted Public Company Market (UPCoM) on December 28, the HanoiStock Exchange (HNX) has announced.
The delisting from UPCoM, which happens afternine months of listing, will serve its relocation to the Ho Chi Minh StockExchange (HOSE). The last trade of PV Power, coded POW, will take place onDecember 27.
PV Power debuted more than 467.8 million shareson UPCoM on March 6, 2018, a little more than a month after its initial publicoffering on January 31.
POW is trading around 14,800 VND (0.63 USD) pershare, a 15.4-percent discount compared to its debut price of 17,500 VND on itsfirst trading day.
The power arm of the Vietnam Oil and Gas Group (PetroVietnam)will list all of its 2.34 billion shares, equivalent to charter capital of morethan 23.4 trillion VND, on HOSE under the same ticker POW. The new listing,expected to take place in early 2019, will help facilitate the company’s accessto domestic and foreign capital.
The company estimates its total electricityoutput of the system in 2018 will reach more than 21 billion kWh. Its totalrevenue will likely hit 33.36 trillion VND (1.43 billion USD) by year-end,exceeding the yearly target by 6 percent.
This year, pre-tax profit of the wholecorporation is expected to reach more than 2.3 trillion VND (98.7 million USD) withpre-tax profit of the parent company being 2.57 trillion VND (110.2 millionUSD), surpassing its yearly goal of 24 percent.
The company is projected to pay 1.36 trillionVND (58.3 million USD) to the State budget, equivalent to 110 percent of itsyearly estimate.-VNA
The delisting from UPCoM, which happens afternine months of listing, will serve its relocation to the Ho Chi Minh StockExchange (HOSE). The last trade of PV Power, coded POW, will take place onDecember 27.
PV Power debuted more than 467.8 million shareson UPCoM on March 6, 2018, a little more than a month after its initial publicoffering on January 31.
POW is trading around 14,800 VND (0.63 USD) pershare, a 15.4-percent discount compared to its debut price of 17,500 VND on itsfirst trading day.
The power arm of the Vietnam Oil and Gas Group (PetroVietnam)will list all of its 2.34 billion shares, equivalent to charter capital of morethan 23.4 trillion VND, on HOSE under the same ticker POW. The new listing,expected to take place in early 2019, will help facilitate the company’s accessto domestic and foreign capital.
The company estimates its total electricityoutput of the system in 2018 will reach more than 21 billion kWh. Its totalrevenue will likely hit 33.36 trillion VND (1.43 billion USD) by year-end,exceeding the yearly target by 6 percent.
This year, pre-tax profit of the wholecorporation is expected to reach more than 2.3 trillion VND (98.7 million USD) withpre-tax profit of the parent company being 2.57 trillion VND (110.2 millionUSD), surpassing its yearly goal of 24 percent.
The company is projected to pay 1.36 trillionVND (58.3 million USD) to the State budget, equivalent to 110 percent of itsyearly estimate.-VNA
VNA
