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VietNamNews

Financier reduces stake in power company

Update: December, 20/2012 - 10:02

HAI DUONG (VNS)— EVN Finance will sell nearly 22 million shares in Pha Lai Thermal Power Co (PPC), reducing its stake in the company from 11.7 per cent to 5 per cent, PPC announced. The transactions are expected to occur over a one-month period starting December 24. PPC has also recently made changes to its key management personnel. PPC shares closed yesterday at their ceiling price of VND11,900.-VNS

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