EVNGENCO3 officially listed its shares on the Ho Chi Minh City Stock Exchange

EVNGENCO3 officially listed its shares on the Ho Chi Minh City Stock Exchange

   On 10th February 2022, Ho Chi Minh City Stock Exchange (HOSE) held a Ceremony to award the listing decision and celebrate the official trading day of Power Generation Joint Stock Corporation 3 shares (EVNGENCO3) with the stock code PGV on HOSE.

Watch Video on VTV1: https://www.youtube.com/embed/9gglZwKZOek

   Accordingly, 1,123,468,046 PGV shares will be officially offered with the reference price of the first trading session of 39,480 VND/share, and at the same time, Power Generation Corporation 3 will become an officially listed member on the Ho Chi Minh City Stock Exchange.

   Participants of the Ceremony included Mr. Le Hai Tra - General Director of HOSE and Ms. Tran Anh Dao - Deputy General Director of HOSE, Mr. Duong Quang Thanh - Chairman of EVN’s Member Council, Mr. Nguyen Duc Cuong - Member of ENV’s Member Council; Mr. Tran Xuan Dien - Party's Committee Secretary of the Ministry of Industry and Trade in Ho Chi Minh City. Regarding the Power Generation Corporation 3, participants included Mr. Dinh Quoc Lam - Chairman of the Board of Management and Mr. Le Van Danh - General Director of the Corporation, and other members of the Board of Management, Board of Directors, partners, customers and press and mass media.

Shares of Power Generation Joint Stock Corporation 3 (EVNGENCO3), Code PGV officially listed on HOSE from 19th February 2022

  After nearly 4 years of trading on UPCOM, PGV shares have been approved to be listed on HOSE, with higher standards in the listing, information disclosure and large-scale public company governance, making an important milestone and opening up many new opportunities to bring PGV shares closer to large domestic and foreign investors to continue promoting the restructuring process in line with the development strategy of Power Generation Corporation 3.

Watch Video on HTV9: https://www.youtube.com/embed/IVQK1TE-b0I

Power Generation Corporation 3 was established under Decision No. 3025/QD-BCT dated 1st June 2012 by the Ministry of Industry and Trade. After 10 years of development, the main business lines of Power Generation Corporation 3 are power generation, investment and project management of power sources, repair and maintenance services for power plants, and plant operation. EVNGENCO3 has constantly developed and become one of the strongest brands in Vietnam's energy industry, always fulfilling its mission of participating and assuring the power supply for socio-economic development through safe and reliable operation of power plants, effectively implementing the construction investment management and put into operation of new power plants with the total capacity of about 5,200 MW (including power plants of EVN and EVNGENCO3 as the Employer). Up to now, the total installed capacity of EVNGENCO3 (including joint stock companies with a capital contribution of 30% or more) has reached 6,560MW, equivalent to about 8.6% of the capacity of Vietnam's Power System.

As a result, the Corporation’s power output in 2021 reached 29.6 billion kWh, accounting for 11.53% of the power output of the entire Vietnam’s Power System. EVNGENCO3's profit after tax for the whole year of 2021 reached 2,947 billion VND, exceeding 125% of the year plan, EVNGENCO3’s financial situation is healthy, its debt/equity ratio is less than 3 times.

   The listing on HOSE is both a big challenge and a potential opportunity for EVNGENCO3 to constantly improve its reputation, brand, transparency and efficiency in its corporate governance, opening up many opportunities for close access to domestic and foreign investors.

  EVNGENCO3 determines that the period 2021-2025 and the following years will strongly implement the digital transformation in the governance and administration; continue to widely apply the Industry 4.0 in optimizing its operation and repair of power plants to improve production and business efficiency and strive to pay an average dividend of about 10%; comprehensively implementing solutions to guarantee a stable and long-term environment for coal-fired power plants; expanding the market of providing operation and repair services for power plants; orienting to future clean energy development such as promoting the investment cooperation in power plant projects using LNG and purchasing LNG for Phu My power plants at an appropriate time; researching and promoting the investment in wind power and hybrid solar power projects (combined with hydroelectricity) after the Power Development Master Plan 8 is approved. Based on the above plans, in addition to maintaining benefits for existing shareholders, the Corporation expects to attract the great attention of investors to complete the restructuring task, reducing the ownership of EVN in EVNGENCO3 according to approved policies.

   The listing of PGV shares on HOSE is expected to turn the Corporation to a new, strong, outstanding and sustainable development phase. EVNGENCO3 is determined to strive more to overcome all difficulties and challenges to complete the development strategy, making Power Generation Corporation 3 become one of the leading units in the sector of energy, investment and development of power sources in Vietnam and the region.

Some photos at the event:

The scene of the launch of PGV shares of EVNEGNCO3 on HOSE

Mr. Le Hai Tra - General Director of HOSE gave the Decision to list PGV shares on HOSE to Mr. Dinh Quoc Lam - Chairman of the Board of Management of EVNGENCO3

Mr. Duong Quang Thanh - Chairman of EVN’s Member Council performed the ceremony of beating the Gong to celebrate the first trading day of PGV shares on HOSE.

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