Illustrative image (Source: VNA)Hanoi (VNA) - The Vietnam Electricity (EVN) collected over 219 billion VND (over 9.6 millionUSD) from an auction of its shares at the EVN Finance JointStock Company (EVN Finance), as it is trying to divest from the company,according to the Hanoi Stock Exchange (HNX).
The number of divested shares is 18.75 million
At the auction, there were two individual investors who successfully bought 16.25million shares at the price of 13,480 VND (0.59 USD) per share.
The EVN Finance was established in 2008with an initial charter capital of 2.5 trillion VND. Its main task is to managecapital for electricity projects of the EVN and its member units, and provideprofessional financial service products for units operating in the power sectorand those from other economic other sectors.
EVN Finance's main products and services are capital mobilisation, accountopening and treasury services, and credit activities.
Thefirm sets a revenue target of 1.641 trillion VND, and 280 billion VND in pre-taxprofit in 2019, up 28.5 percent and 10.35 percent respectively compared to2018.
ItsEVF shares are being traded on the Unlisted Public CompanyMarket (UPCoM). Ending the trading session on August 23,EVF reached the price of 8,900 VND/share.-VNA
VNA
