Energy project investor files for HoSE listing

16-Jul-2020 Intellasia | VNS | 6:02 AM Print This Post

Energy firm Truong Thanh Development-Construction-Investment JSC has filed for listing on the Ho Chi Minh Stock Exchange (HoSE).

The Hanoi-based company was founded in September 2008 with initial charter capital of VND50 billion (US$2.16 million). In 2019, it raised charter capital to VND1.35 trillion by selling shares to existing shareholders.

Chair Tran Huy Duc is the biggest shareholder, holding 50.08 per cent of the capital, followed by Truong Thanh Construction Co Ltd also chaired by Duc with a 23.63 per cent stake.

As of December 31, the company recorded total debt of VND2.37 trillion, including VND435 billion worth of short-term debts.

The firm’s total assets were worth VND3.92 trillion at the end of 2019, including VND99 billion of short-term assets.

The firm, known as Truong Thanh DECONIN JSC, specialises in developing energy projects. Its completed projects include the Ngoi Hut 2 and Ngoi Hut 2A hydropower plants in Yen Bai Province, and Ho Bau Ngu Solar Farm in Ninh Thuan Province.

The company aims to build the solar farm Ho Nui Mot 1 in Ninh Thuan Province and the wind farm Phuong Mai 1 in Binh Dinh Province.


Category: Stocks, Vietnam

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