Pha Lai to invest $31 million in Hai Phong power plant

Pha Lai Thermal Power Joint-Stock Company (PPC) Vietnam’s bigfest listed electricity producer, will buy almost VND550 billion (US$31 million) worth of shares in a power plant, according to the Ho Chi Minh Stock Exchange.

The company will buy 48 million shares in the Hai Phong Thermal Power Plant Co., the exchange said in its bulletin Tuesday.

Pha Lai, based in the northern province of Hai Duong where it operates two coal-fired power plants, plans to buy another 32 million shares in the factory, the exchange said.

thanhnien, bloomberg

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