KHP predicts to gain over 46b dong of 2009 profit

VNStockNews.com - Khanh Hoa Power Joint Stock Co (coded KHP) expects to gain profit after tax of over 46 billion dong in 2009, in which the accumulative profit in the first three quarters was estimated at 40 billion dong.

Lately, the company closed the list of shareholders for issuing additional 20 million shares. In details, KHP offered shares for existing shareholders with ratio of 1:1 at share price of 10,000 dong, issuing for employees of the 110KV grid management from Power Transmission Co No 3 at offered price of 10,000 dong per share.

In order to maintain the holding ratio of Electricity of Vietnam Group (EVN) of 51 percent, KHP offered additional 101,217 shares, equal to share value of 1 billion dong to the group.