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GEG: Board approves to invest in a wind power project
HSX - 11/20/2019 4:39:00 PM
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On November 18, 2019, the Board of Directors of Gia Lai Electricity Joint Stock Company approved the policy on the investment in wind power project as follows:

Information on the project:

-       Project: V.P.L Ben Tre Wind Power Plant

-       Investor: VPL Energy Joint Stock Company

-       Location: Thua Duc commune and Thoi Thuan commune, Binh Dai district, Ben Tre province

-       Charter capita: VND200 billion

-       Total investment (for the first phase): VND1,320 billion (not included VAT)

Investment plan:

-       GEG will buy the shares from the owner of the project.

-       Estimated owning ratio: 90%

-       Estimated investment value: no more than VND77.256 billion.

-       Assigning the CEO to negotiate to receive the remaining 10% stake with the same value above.

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