Last month, when the VN-Index had a flaming red session with 74 points being lost, a lot of criticism was directed at F0 investors. - VnExpress International
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Vietnam power utility unit to go public
By Dat Nguyen January 23, 2021 | 09:00 am GMT+7
Workers of Vietnam Electricity fix cables in Binh Duong, southern Vietnam. Photo by VnExpress/Thanh Nguyen.
A $2-billion power generation unit of state-owned utility Vietnam Electricity (EVN) will have an initial public offering on the country’s main bourse next month.
The Power Generation Corporation 2 (EVNGENCO 2), based in the southern city of Can Tho, will issue nearly 580 million shares on the Ho Chi Minh City Stock Exchange, or nearly 49 percent of its charter capital, on February 8.
The offering will have a reference price of VND24,520 ($1.05) per share.
CenLand stock no longer up for margin tradinng due to tax evasion 00:38 | 23/01/2021
The HSX suspended the margin trading of CenLand stocks due to tax issues
CenLand closed yesterday s trading session (January 21, 2021) at VND24,800 ($1.08), down 14 per cent compared to the first days of the year.
The Ho Chi Minh City Stock Exchange (HSX) has just announced that CenLand s ticker CREÂ is not eligible for margin trading due to tax evasion and fraud.
According to the Hanoi Tax Department, after a tax inspection at CenLand, significant arrears were uncovered as a result of undeclared revenues and incorrect tax returns. CenLand also committed several violations including using invalid tax invoices and adding the wrong date and time on tax invoices.
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