PV Power to divest subsidiaries and streamline operations 13:43 | 03/02/2021
PetroVietnam Power Corporation (PV Power)
PetroVietnam Power Corporation JSC (PV Power, HSX: POW) has just announced its plans for the period of 2021-2025 with several large sell-offs of its interest in subsidiaries.
Specifically, PVPower would reduce its majority ownership in four subsidiaries, including Hua Na Hydropower JSC (UPCoM: HNA), PetroVietnam Power Nhon Trach 2 JSC (HSX: NT2), PetroVietnam Power Technical Services Center (PV Power Services), and PetroVietnam Power Renewable Energy JSC (PV Power REC).
Besides, a number of new subsidiaries might be established to serve future activities.
PV Power will also take a different approach on Luang Prabang Co., Ltd., an associate, following the directions of the government and relevant authorities.