PV Power starts trading shares on UPCoMFollowing the successful initial public offering (IPO) in January, PetroVietnam Power Corporation (PV Power), the second largest state-run electricity producer in Vietnam, started trading its shares on the Unlisted Public Company Market (UPCoM) on March 6. PetroVietnam Power Corporation (PV Power), the second largest state-run electricity producer in Vietnam, starts to list its shares on the Unlisted Public Company Market (UPCoM) on March 6. According to Nguyen Tuan Anh, a representative from the Hanoi Stock Exchange (HNX), with such a large volume of registered trading shares, PV Power has increased the capitalisation of the UPCoM to 252 trillion VND (11 billion USD). PV Power General Director Nguyen Xuan Hoa said that his company will continue to sell 28.882 percent of its shares to strategic investors. PV Power was founded in 2007 and fully-owned by the Vietnam National Oil and Gas Group (PetroVietnam).

Source: VietNamNet News March 06, 2018 09:33 UTC