(HBO) – Hoa Binh Clean Water joint Stock Company is conducting State capital divestment. Most of the share offering sessions have attracted particular interest from investors. So far, the company has divested 60 percent of the State shares and the process is expected to be completed in 2018.


Workers of the Hoa Binh Clean Water joint Stock Company are operating a pumping station in the left bank of Da River in Hoa Binh city.

In March 2009, the provincial People’s Committee issued Decision No.539/QD-UBND approving the transfer of Hoa Binh Clean Water one member limited liability company to Hoa Binh Clean Water joint Stock Company.

After conducting equitisation, the company had sold its shares at preferential prices to employees. Each share is worth 10,000 VND. However, the number of officials and workers holding shares was inconsiderable (less than one percent).

The company is operating under the business registration certificate No. 5400108279 and has raised its chartered capital for the third time to over 66.7 billion VND from 61.1 billion VND after the assets of water plants in Lac Thuy and other districts were merged into the company’s State capital.

It is mainly active in the field of clean water supply, treatment and exploitation. Key services include providing clean water for households and production businesses in Hoa Binh province.

Since 2005, the company has provided water bottles of 0.5 liters and 19 litres. It also installed and repaired water supply facilities to meet the demand of locals.

Its revenues in 2017 reached over 55.19 billion VND (2.3 million USD), including 48.88 billion VND (2.08 million USD) from clean water or 88.56 percent of the total, and 5.33 billion VND (227,812 USD) from installing and repairing water pipes or 9.67 percent.

According to Chairwoman of the Board of Hoa Binh Clean Water joint Stock Company Nguyen Thi Hoa said the company put nearly 6.8 million shares worth 66.8 billion VND (2.8 million USD) for sale on the Unlisted Public Company Market (UPCoM) on July 18, 2018./.

 

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