About to offer 281 million shares to raise capital for Nhon Trach 3 and 4 Power Plants

According to the Board of Directors Resolution, POW plans to issue and offer a total of nearly 726 million shares through 3 forms at the same time, based on the plan approved by the General Meeting of Shareholders. This is an important move when Vietnam's first LNG power project - Nhon Trach 3 and 4 is in the final stage to complete and put into commercial operation.

In particular, PV Power will offer more shares to the public to existing shareholders, with the number of more than 281 million shares, equivalent to 12% of the outstanding shares. These shares will be offered at the price of 10,000 VND/share, expected time from the fourth quarter of 2025.

The entire proceeds from this offering, expected to reach approximately VND2,810 billion, will be used to provide equity capital for the Nhon Trach 3 and 4 projects. Specifically, the capital will be prioritized for payment for the EPC Contract (engineering, procurement, construction, installation) of the two plants and payment for the purchase and sale of re-converted LNG for trial runs, disbursed from the fourth quarter of 2025 to the first quarter of 2026.

PV Power will also issue more than 351 million shares to increase equity capital from owners' equity (15%) and issue nearly 94 million shares to pay dividends (4%).

POW's decision to increase capital was made at a time when the Nhon Trach 3 and 4 power plant projects are accelerating towards the finish line. The project's progress is being urgently pushed forward. Nhon Trach 3 power plant was officially connected to the national grid in February 2025, while Nhon Trach 4 power plant was connected to the grid in June 2025. Both plants are expected to be officially put into commercial operation soon, thereby adding about 9 billion kWh of electricity per year to the national power system.

POW's capital mobilization by the end of 2025 shows the urgency in completing payments for major contracts to ensure commercial power generation progress. In addition, the successful mobilization of more than VND 2,810 trillion will strengthen the financial foundation, helping POW secure capital for the Nhon Trach 3 and 4 projects. With a capacity of 1,500 MW, these two plants are expected to be core growth drivers, contributing to improving POW's competitiveness and EPS (earnings per share) potential in the coming years.

Source: https://hanoimoi.vn/sap-chao-ban-281-trieu-co-phieu-huy-dong-von-cho-nha-may-dien-nhon-trach-3-va-4-723188.html