TIẾNG VIỆT EVNGENCO 2 to go public in December, valuation announced at $2bln
EVN’s power arm reported 2019 revenue at VND27.1 billion, up 16 percent from a year ago. Photo: tinnhanhchungkhoan.vn
Of the VND46.1 trillion ($2 billion) valuation as of January 1, 2019, the real value of State capital is more than VND26.6 trillion ($1.1 billion), according to an announcement by the Commission for the Management of State Capital at Enterprises.
The power corporation is among the six State corporations under equitisation plan in this year. Power Generation Corporation 2 was established in 2012 with a charter capital of VND11.7 billion ($503,000) and Vietnam Electricity holds entire charter capital of the company.
The Commission for the Management of State Capital at Enterprises has instructed EVN and EVNGENCO 2 to urgently implement the equitisation plan, which will be submitted to Prime Minister Nguyen Xuan Phuc for approval in August.
EVN’s power arm reported 2019 revenue at VND27.1 billion, up 16 percent from a year ago.
