Vinacomin Power Holding to restructure Nong Son Coal and Power

Vinacomin Power Holding Corporation, operating under the Vietnam National Coal and Mineral Industries Holding Corporation, has approved a plan to reorganize its subsidiary, Vinacomin Nong Son Coal and Power Joint Stock Company, into a direct branch of the corporation. This move, detailed in Notice No. 2623/TB-DLTKV dated September 15, 2025, follows the Law on Enterprises and the Law on Management and Use of State Capital.

The restructuring will see Vinacomin Power Holding Corporation coordinate with authorities and shareholders to acquire the company's shares. Simultaneously, another shareholder, Vinacomin Viet Bac Mining Industry Holding Corporation, will divest its capital in the company through a public offering. The purchase price, payment methods, and implementation timelines will be finalized based on the General Meeting of Shareholders' approval, ensuring transparency and fairness.

Upon completing the necessary procedures, Vinacomin Power Holding Corporation will officially terminate the company's legal entity status and register the operation of the new branch. Shareholders are requested to cooperate to facilitate a smooth transition, which is expected to align with state, enterprise, and shareholder interests.