Mr. Pham Nhat Vuong wants to contribute nearly 10,600 billion VND more to the electricity company.

Mr. Pham Nhat Vuong plans to transfer more than 60 million VIC shares to VinEnergo to contribute capital, with the total value of these shares currently estimated at about 10,600 billion VND.

Mr. Pham Nhat Vuong - Chairman of Vingroup at a shareholders' meeting - Photo: LN

VinEnergo Energy Joint Stock Company recently announced a stock transaction of an individual related to an insider of Vingroup Corporation (VIC).

Accordingly, Mr. Pham Nhat Vuong - Chairman of the Board of Directors of Vingroup Corporation - plans to transfer ownership of more than 60 million VIC shares to VinEnergo for the purpose of contributing additional equity capital.

After the transaction, Mr. Vuong's ownership ratio at Vingroup will decrease from 449.9 million shares (equivalent to 11.59% of charter capital) to 389.9 million shares (10.04% of capital). The transaction is expected to take place between October 9 and November 7.

The billionaire plans to transfer the above shares to contribute capital to VinEnergo - a business under his direct control. After the transaction, VinEnergo's ownership ratio at Vingroup will increase from 2.72% to 4.27% of charter capital.

At the end of the trading session on October 3, VIC shares closed at 176,500 VND/share, up 335% compared to the beginning of the year.

At this price, the lot of more than 60 million shares that Vingroup's chairman plans to transfer has an estimated value of about VND10,590 billion.

Previously, Mr. Vuong also contributed capital to VinEnergo with 105.7 million VIC shares. Although the direct ownership ratio at Vingroup decreased after the transaction, he and his family members still have absolute control over the group, with a total ownership ratio exceeding 65% of the charter capital.

VinEnergo Energy Joint Stock Company was established on March 12, headquartered at Symphony office building ( Hanoi ), operating mainly in the field of electricity and electrical equipment production, with a charter capital of 10,000 billion VND.

This enterprise was born in the context of Vingroup expanding into two new business areas this year: energy and infrastructure.

Besides Mr. Vuong, his two sons and Vingroup Corporation also contributed capital to VinEnergo, in which Mr. Pham Nhat Quan Anh and Mr. Pham Nhat Minh Hoang each hold 5% of shares.

At this year's annual shareholders' meeting, Mr. Pham Nhat Vuong said there were three main reasons why Vingroup decided to participate in the energy sector. First of all, the group wants to build a comprehensive green ecosystem, in which electric vehicles are operated by environmentally friendly electricity sources that are "green from start to finish".

Second, Vingroup wants to contribute to solving the problem of energy shortage, especially clean energy. Finally, the development of power projects also comes from the desire to make practical contributions to the sustainable development of the country.

On September 26, the joint venture between Vingroup and VinEnergo officially started construction of the Hai Phong LNG Thermal Power Plant project with a scale of 100 hectares and a total investment of more than VND178,000 billion. The project has a designed capacity of 4,800 MW and is expected to provide about 19.2 billion kWh of electricity per year after being put into operation at the end of 2030.

LINH NGUYEN

Source: https://tuoitre.vn/ong-pham-nhat-vuong-muon-gop-them-gan-10-600-ti-dong-vao-cong-ty-dien-20251005124241925.htm