Hua Na Hydropower Joint Stock Company (coded HNA on HOSE) announces the document to collect shareholders’ opinions in writing. The deadline for receiving written opinions from shareholders is 11:30 am on July 18th.
Accordingly, Hua Na Hydropower proposes to the shareholders to purchase the Nam Non Hydropower Plant from Nghe An Energy Development Corporation, located in Luong Minh commune, Tuong Duong district, Nghe An province (on the main stream of Ca river), with a pre-tax value of VND 645 billion (total post-tax investment value is VND 696.6 billion) and expects to complete the transaction and hand over the plant in August 2024.
It is known that Nam Non Hydropower Plant has been in operation since September 6, 2014.
In terms of capital structure and implementation method, the company plans to have a capital investment ratio of 3:7 – including self-owned capital and other capital of VND 208.98 billion; and the remaining VND 487.62 billion is bank loan capital.
The designed installed capacity of Nam Non Hydropower Plant is 20 MW with 2 units, with an average annual electricity output of 89.74 million kWh
To offset the loan capital for investing in the purchase of the plant, Hua Na Hydropower also proposed to the shareholders to use the company’s asset, which is the Hua Na Hydropower Plant, as collateral for the loan at the Bank for Investment and Development of Vietnam (BIDV), with a collateral value of VND 2,855.34 billion (collateral value is VND 487.62 billion).
It is known that Hua Na Hydropower owns only one plant, which is the Hua Na Hydropower Plant, with a capacity of 180 MW and a total investment capital of VND 7,092 billion, which was put into operation in 2013.
At the close of the trading session on June 26, HNA stock price slightly decreased to VND 26,100/share.
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