Based on the market price of HJS, the estimated amount that BVIF spent in this investment is 193 billion dong. BVIF is a member fund of Bao Viet Fund Management Company Limited (Baoviet Fund), established in October 2015 with 4 members and a charter capital of 1,000 billion VND.
By the end of the third quarter of 2020, major shareholders of Nam Mu Hydropower include Song Da 9 Joint Stock Company (holding 51% of capital) and Mr. Vo Anh Linh (holding 9.8% of capital). Post and Investment Construction Joint Stock Company sold more than 5.11 million shares of HJS (equivalent to 24.38% of capital) in the second quarter and withdrew from the list of shareholders of Nam Mu Hydropower.
Regarding the operation of Nam Mu Hydropower, accumulated revenue in the first 9 months of 2020 reached more than 151 billion VND, an increase of 16.5% over the same period in 2019. Nam Mu Hydropower reported cumulative profit after tax of 42, 7 billion, growth at approximately 8%. With this result, Nam Mu Hydropower has completed 94% of the revenue plan and 89% of the profit plan.
Nam Mu Hydropower was established in 2003 under Decision No. 37 / TCT-TCĐT, changing the Nam Mu hydropower plant into Nam Mu Hydropower Joint Stock Company. At the same time, Song Da Corporation – the investor of Nam Mu Hydropower Plant handed over the management of state capital at Nam Mu Hydropower Joint Stock Company to Song Da 9 Joint Stock Company, currently a shareholder. the largest of this company.
The other two founding shareholders of Nam Mu Hydropower are Binh Minh Production, Trading – Import – Export Company and Song Da Cement Joint Stock Company.
Source: vietnamfinance.vn – Translated by fintel.vn