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PPC: Explanation for the financial investment
Pha Lai Thermal Joint-stock Company (PLPC) has explained short-term and long-term investments in Q2/08 as follows:
1. The short-term investment:
Total value at the end of Q2/08: VND1,170 billion
Make a loan to Electricity of Vietnam (EVN) for the 1 year term: VND500 billion
Term deposit in Bank for Investment and Development of Vietnam – Hai Duong Branch: VND200 billion
Term deposit in Bank for Investment and Development of Vietnam – Bac Hai Branch: VND130 billion
Term deposit in Vietnam International Commercial Joint Stock Bank (VIB Bank) – Hai Duong Branch: VND150 billion
Term deposit in Vietnam Bank for Agriculture and Rural Development (AGRIBANK) – Chi Linh Branch: VND50 billion
Term deposit in ABBANK – Hanoi Branch: VND30 billion
Term deposit in Vietnam Bank for Industry and Trade – Cau Dien Branch: VND60 billion
Term deposit in Mekong Housing Bank – Hanoi Branch: VND50 billion
2. The long-term investment: VND1,473.998 billion
The contract of investment mandate with PetroVietnam Finance Corp (PVFC) in the 2 year term with the minimum interest of the mandate amount of VND500 billion.
The mandate contract of investment portfolio with Vietnam Fund Management (VFM) in the 2 year term: total value is VND300 billion
The mandate contracts of investment portfolio with Bao Viet Fund Management Company (BVFMC) in the 3 year term (VND150 billion) and the 1 year term (VND70 billion) with the minimum interest of the mandate amount of VND220 billion.
The mandate contract of investment portfolio with SSI Asset Management (SSIAM) in the 2 year term (in which, the amount of VND200 billion includes the minimum interest) and the contract of investment management without committing to interest and risk worth VND200 billion.
Contributing VND7.5 billion (equivalent to 15% of chartered capital) to the Northern thermal fixing services joint stock company (*).
Purchasing shares of the Ba Ria Thermal Joint Stock Company with volume of 670,000 shares = VND46.498 billion.
3. Deducting for the financial reserve fund: VND69.041 billion
The financial reserve fund includes investment items without commiting to the minimum interest and purchasing shares of the Ba Ria Thermal Joint Stock Company.
(*) temporary translation
HoSE
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