Great opportunity for investors to participate in Power Generation Corporation 2

 
Mr. Duong Quang Thanh - Chairman of the Board of Members of EVN said that this is the second power generation corporation of EVN to conduct an initial public offering (IPO).

Announcement of initial public offering of shares Parent company - Power Generation Corporation 2
Over 7 years of construction and development, Power Generation Corporation 2 (EVNGENCO 2) has always operated profitably; make additional investment in power generation capacity; good corporate governance capacity. EVNGENCO 2's new hydropower projects have been completed and put into operation, contributing to ensuring sufficient electricity supply for socio-economic development, especially electricity for the Central region.

By the end of 2020, EVNGENCO 2 owns power plants with a total installed capacity of 4,421MW, accounting for about 6.4% of the total system capacity and 15.1% of EVN's total capacity.

In particular, EVNGENCO 2 has great advantages such as: diversified power generation technology structure, including coal-fired power (accounting for 50.7%), hydroelectricity (accounting for 30.1%), and thermal power. oil (accounting for 19.2%), has the ability to participate in the electricity market flexibly. Currently, EVNGENCO 2 has been implementing many clean energy projects across the country with a scale of 59MW. In addition, a number of other projects have also had an implementation policy and are in the stage of investment project formulation.

   - On December 26, 2020, the Prime Minister issued Decision No. 2229/QD-TTg approving the equitization plan of the parent company - Power Generation Corporation 2 - EVNGENCO 2 (subsidiary of EVNGENCO 2). Vietnam Electricity).
Most of EVNGENCO 2's key power plants are located in key economic growth areas in three regions of the country, with advantages to effectively participate in the electricity generation market.

Electricity generation joint stock companies of EVNGENCO 2 do business effectively, paying dividends to the parent company of about VND 1,000 billion annually. EVNGENCO 2 also inherits and strongly develops professional and modern management experience in investment, management and operation of power plants from EVN, has a reasonable human resource structure, and a dedicated leadership team. , high level,...

Along with its own advantages, this is an opportunity for investors to invest in EVNGENCO 2 and the Power industry, in the context that electricity demand in Vietnam is forecasted to continue to grow for many more years. infrastructure foundation for socio-economic development, and at the same time the stock market is also recovering strongly.

With the equitization plan: EVN holds 51% of the charter capital at EVNGENCO 2 and sells off a part of the state capital (EVN's capital) existing at EVNGENCO 2 (49% of charter capital), EVNGENCO 2 has always operated interest, the ratio of Liabilities/Equity is always less than 3 times, preserving state capital.

EVNGENCO 2 is not under much pressure on debt repayment and interest, profitable business activities create capital to invest in new power projects for long-term development strategy.

Investors have the opportunity to own 580,120,840 shares, accounting for 48.8875% of charter capital, enjoy investment profits, participate in the management and operation of Power Generation Corporation 2 immediately after equitization.

In addition, according to the classification of state-owned enterprises, EVNGENCO 2 is not subject to EVN holding controlling shares, investors will have the opportunity to dominate EVNGENCO 2 after equitization, participating directly in decision-making. planning to invest in new power projects of EVNGENCO 2.

Mr. Duong Quang Thanh committed, EVN will continue to create favorable conditions and transfer all legal rights and interests to EVNGENCO 2 which is successfully transformed into a joint stock company. EVN will continue to do its best, coordinate with investors who will be major shareholders to select a professional and experienced management and administration apparatus to continue to strengthen its reputation, image, brand name of EVNGENCO 2, bringing the most authentic and optimal values to customers and shareholders.

The initial public offering of Power Generation Corporation 2 will take place at the Ho Chi Minh City Stock Exchange. Ho Chi Minh City (HOSE) by public auction method, with a starting price of 24,520 VND/share.

As of January 1, 2019, the actual value of EVNGENCO 2 is VND 46,102 billion, of which the state capital is VND 26,605 billion. In 2020, the consolidated profit of EVNGENCO 2 reached nearly VND 3,931 billion, reaching 158.65% of the year plan. The total output of electricity produced in the past 5 years of the Corporation reached 84.13 billion kWh, of which the parent company 8.37 billion kWh, the subsidiary 75.76 billion kWh

According to Mr. Tran Phu Thai - Chairman of the Member Council of EVNGENCO 2, the Corporation is striving to become a leading unit in the field of power generation in the territory of Vietnam and an enterprise with social responsibility and responsibility. responsibility to the environment.

At the seminar, leaders of EVN, leaders of EVNGENCO 2 also answered and answered questions from domestic and foreign investors about investment opportunities in EVNGENCO 2.

Power Generation Corporation 2 (EVNGENCO 2):

- Is a one-member limited liability company with 100% charter capital owned by EVN.

- Established on June 1, 2012, officially operating from January 1, 2013.

- Member units:

+ 7 dependent accounting units

+ 1 subsidiary holding 100% capital

+ 5 subsidiaries hold more than 50% of charter capital.

-Main business fields: Producing and trading in electricity, electromechanical; investment and capital management of power source projects.


Some pictures at the Conference introducing investment opportunities in Power Generation Corporation 2 just took place:
 
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Workshop on Introduction of investment opportunities in Power Generation Corporation 2 took place in Ho Chi Minh City. Ho Chi Minh City, the morning of January 21. Mr. Duong Quang Thanh - Chairman of the Board of Members of EVN (speaking) committed to always accompany and stand side by side to increase the value of shares and strive to bring high returns to stock holders.

 
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Dr. Can Van Luc - Chief Economist of the Bank for Investment and Development of Vietnam, Member of the National Monetary and Financial Policy Advisory Council presented the presentation "Development prospects & investment opportunities in EVNGENCO" 2"

 
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Many investors attended the seminar to learn about investment opportunities in EVNGENCO 2

By: Bui Hoa - EVN