HCMC – Pham Nhat Vuong, chairman of Vingroup, has registered to contribute more than 70.6 million VIC shares, equivalent to 1.82% of Vingroup’s charter capital, to VinEnergo Energy JSC.
The transaction will be carried out via the Vietnam Securities Depository and Clearing Corporation (VSDC), expected to take place from June 16 to July 15.
Once completed, Vuong’s holdings will decrease to over 537.49 million VIC shares, equivalent to 13.86% of Vingroup’s charter capital.
On April 11, the Vingroup chairman also announced the use of more than 35 million VIC shares he was holding as capital contribution to establish VinEnergo Energy JSC.
These shares were valued at VND1.42 trillion, based on the average price of VIC shares over 50 consecutive trading sessions up to February 21.
VinEnergo was officially established on March 12, 2025, with a primary focus on power generation and electrical equipment manufacturing.
VinEnergo is expected to be a joint venture partner with Vingroup in developing the Hai Phong LNG-fired power plant project, which is planned to be located in Tan Trao Industrial Park, Kien Thuy District.
The project is scheduled for implementation between 2025 and 2030, pending inclusion in the amended National Power Development Plan VIII.
Vingroup also announced that Vuong completed the transfer of ownership of more than 48 million VIC shares to VinSpeed High-Speed Railway Investment and Development JSC on June 10.
Following the deal, Vuong now holds over 608 million VIC shares, equivalent to 15.68% of Vingroup’s charter capital.
