PVPOWER – We were encouraged by the fact that 9M2017 business results were robust and PVPower is looking to expand their power generation capacity through Nhon Trach 3&4 plants.

■ PVPower will IPO in December 2017, offering a 20% stake to the public (equivalent to 468.37mn secondary shares) at a tentative initial price of VND14,329/share.
■ After the IPO, PVPower will offer another 28.9% stake to strategic investors who will be selected based on their financial ability, vision and industry expertise.