EVN sells out capital by transferred bonds

16/01/2008 00:00:00 - views: 2,651

Vietnam Electricity (EVN) will issue transferred bonds instead of selling stocks as usual in order to reduce the share-holdings of the State in companies represented by the Corporation. This information was unveiled by Mr. Dang Phan Tuong, Chief of Equitization and EVN Securities.

              
           

According to Mr. Tuong, this method is aimed at reducing the pressure of raising the power sector’s stock supply for the market.
Currently, EVN is equitizing more than 10 units which consist of power generation companies and power distribution companies such as Electricity Information and Communication Company, Tuyen Quang Hydropower Company, Dai Ninh Hydropower Company, Hanoi One Member Limited Company and Ho Chi Minh City One Member Limited Company. 
In addition, EVN is carrying out the pilot project of equitizing units like Power Electricity University, Ho Chi Minh City Power Electricity College, Central Power Electricity College and Electricity Training College.

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