According to SCI, the capital contribution is done through a plan to buy shares, at the price of 10,000 VND / share.
The number of shares of Huong Linh 8 Wind Power according to the business registration is 30 million shares, with a total charter capital of 300 billion VND. Thus, with the expected capital contribution ratio of 20%, SCI will hold about 6 million S99 shares of Huong Linh Wind Power 8.
It is expected that SCI will buy shares to invest in Huong Linh 8 wind power in the first quarter of 2021.
Previously, Huong Linh 8 Wind Power Joint Stock Company was approved by the People’s Committee of Quang Tri province to invest in the project of Huong Linh 8 wind power plant, with the goal of producing wind power, transmitting and distributing electricity.
Specifically, the project has an expected capacity of 25.2 MW; constructing and installing 6 wind turbines, each with a capacity of 4.2 MW, operating period of 50 years.
As for SCI, the financial statements of the fourth quarter and the whole of 2020 recorded, the company’s net revenue reached over 1,580 billion dong, up 121% compared to 2019. In the fourth quarter alone, net revenue was 819 billion dong, up to 12 nearly 7 times in the same period in 2019. Profit before tax reached 282 billion VND, 8 times as much as in 2019.
SCI said that in the period, some newly implemented projects with high profit rate started to be accepted, leading to a sharp increase in profits; including the contribution of the solar farm project in Thuan Nam district, Ninh Thuan province. The project will be put into use from 2019, with a total investment of about 1,300 billion VND, with a capacity of 30 MW. It is estimated that the project will add more than 82 million kWh to the national power system.
Source: vietnamfinance.vn – Translated by fintel.vn