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In the afternoon of 25/1/2018 in Hanoi and 26/1/2018 in Ho Chi Minh City, Vietnam Electricity (EVN) / Power Generation Corporation 3 (EVNGENCO 3) held two seminars about investment opportunities in the EVNGenco3 (IPO ROADSHOW OF EVNGenco3). Attending at the seminars in Hanoi and Ho Chi Minh City were representatives from the Government Offices such as: the Ministry of Finance, the Ministry of Industry and Trade, the Ministry of Planning and Investment, the State Securities Commission, Hanoi, Ho Chi Minh City Stock Exchange; leaders of the Vietnam Electricity (EVN), leaders of Power Generation Corporation 3, representatives of some auditing companies and securities companies, as well as many interested potential investors in which of many major financial institutions and international investment funds.

In the afternoon of 25/1/2018 in Hanoi and 26/1/2018 in Ho Chi Minh City, Vietnam Electricity (EVN) / Power Generation Corporation 3 (EVNGENCO 3) held two seminars about investment opportunities in the EVNGenco3 (IPO ROADSHOW OF EVNGenco3). Attending at the seminars in Hanoi and Ho Chi Minh City were representatives from the Government Offices such as: the Ministry of Finance, the Ministry of Industry and Trade, the Ministry of Planning and Investment, the State Securities Commission, Hanoi, Ho Chi Minh City Stock Exchange; leaders of the Vietnam Electricity (EVN), leaders of Power Generation Corporation 3, representatives of some auditing companies and securities companies, as well as many interested potential investors in which of many major financial institutions and international investment funds.

Speaking at the two seminars, Mr. Dinh Quang Tri - Deputy General Director of Vietnam Electricity (EVN) said: According to the equitization plan which was approved by the Prime Minister under Decision No. 2100 / QD -TTg dated 27/12/2017, the form of equitization is to maintain the existing state capital at the enterprise, to release more shares to increase charter capital. The charter capital of EVNGenco3 at the time of equitization was defined to be 20,809 billion dong.  Vietnam Electricity (EVN) holds 1,061,000 shares, equivalent to 51% of charter capital. EVN will hold 51% of charter capital until 2019. From 2020, in case of restructuring debts and negotiating with credit institutions, EVN will consider divesting capital at EVNGenco3 below the dominant level.

Representative of Power Generation Corporation 3 (EVNGENCO 3), Mr. Dinh Quoc Lam – CEO & President of EVNGenco3 also said: The shares auctioned publicly is more than 267 million shares, equivalent to 12.8355% of charter capital. Shares sold to strategic investors is more than 749 million shares, equivalent to 36% of charter capital. The shares sold to employees is more than 3.4 million shares, representing 0.1645% of charter capital. Equitization consultant for EVNGenco3 is Viet Capital Securities Joint Stock Company and EVN Finance. The initial public offering will take place at the Ho Chi Minh City Stock Exchange (HOSE) by public auction method with the starting price is 24,600 dong / share. The sale of shares to strategic investors will be made after the IPO.

The power plants of EVNGenco3 have a total installed capacity of 6304 MW, equivalent to about 16% of the total installed capacity of the national power system. EVNGenco3 is one of the three Generation Corporations of EVN, inherited the management experience in operation of power plants with advanced technology transferred by EVN and step by step continue to consolidate modern corporate governance. In 2017, EVNGenco3 estimates revenue of 34,632 billion dong, profit from electricity generation is 1,276 billion dong, equivalent to 218.7% of the plan. In 2018, beside the electricity generation mission, EVNGenco3 is expected to start two (02) solar projects, together with implementing investment procedures for the Long Son Power Center project using liquefied natural gas (LNG) in Ba Ria - Vung Tau Province.

Also at both conferences, Mr. Barry Weisblatt - Director of Investment Analysis of Viet Capital Securities Joint Stock Company - a unit in equitization consultancy for EVNGenco3 said: "EVNGENCO3 with Major power sources such as Phu My, Vinh Tan 2, Mong Duong 1, Buon Kuop have high capacity, located near the load centers of the South and the North, have the competitive prices, when they enter the electricity market, they will bring along great advantages. EVNGenco3 also owns a high quality human resources team with extensive experience in working with large corporations such as GE, Alstom, MHI, Siemens, etc… is an advantage, to help EVNGENCO 3 timely adapt to changes in the market, creating a stronger foundation in the future.

At the seminars, to respond the interesting of many potential investors, EVN and EVNGenco3 leaders provided more information related to growth capacity, expected revenue and profit ... as well as solutions to deal with risk of EVNGenco3 after equitization.

CONTACT INFO:
1. Community Relations – Electricity of Viet Nam
Address: EVN Building, 11 Cua Bac, Truc Bach, Ba Dinh, Hanoi
Phone: 0246.6946789 - Fax: 0246.6946666

2. Power Generation Corporation 3
Address: Phu My 1 Industrial Park, Phu My Town, Tan Thanh District, Ba Ria - Vung Tau Province
Phone: 0254. 3876927 - Fax: 0254. 3876930

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