EVNGENCO 2 to sell over 581 million shares through IPO Business

EVNGENCO 2 to sell over 581 million shares through IPO

The Power Generation Corporation 2 (EVNGENCO 2), a subsidiary of the Vietnam Electricity Group, plans to sell over 580.12 million shares, or 48.8875 percent of its charter capital, to investors and over 1.33 million shares, or 0.1125 percent, to employees.
Trade ministry to inspect major firms Business

Trade ministry to inspect major firms

The Ministry of Industry and Trade (MoIT) will conduct annual inspections on a number of State and private businesses in different sectors, including those involved in petroleum, telecommunications, pharmaceuticals and multi-level marketing.
Doubts remain over EVN’s sub-unit IPOs Business

Doubts remain over EVN’s sub-unit IPOs

The failure of the Power Generation Corporation 3 (Genco 3) to sell its stake through initial public offering (IPO) has raised concerns about the upcoming IPOs of the two other similar companies – Genco 1 and Genco 2 – at the end of this year.
Genco 3’s IPO ends with only 3 percent of shares sold Business

Genco 3’s IPO ends with only 3 percent of shares sold

Only 3 percent of a total of 267 million shares offered in the initial public offering (IPO) of Power Generation Corporation 3 (Genco 3) on February 9 were sold successfully, a poor result given the high market expectations before the sale.
Four foreign investors eye GENCO 3 Business

Four foreign investors eye GENCO 3

Four foreign investors from India, Thailand, the Republic of Korea and the Middle East registered to buy 36 percent of the charter capital at the Power Generation Corporation 3 (GENCO 3) to become its strategic investors.
EVN to pay tax arrears of 1.9 trillion VND Business

EVN to pay tax arrears of 1.9 trillion VND

The Ministry of Finance (MoF) is demanding more than 1.9 trillion VND (85 million USD) in tax arrears from the Electricity of Vietnam (EVN) after uncovering that the group had failed to declare its costs accurately.
EVN asks to dump waste mud into sea Environment

EVN asks to dump waste mud into sea

The Electricity of Vietnam (EVN) Group’s Power Generation Corporation 3 (EVNGENCO 3) is submitting an application for a licence to dump waste mud into the sea off the coast of Binh Thuan province, a company official has said.