FINWIRES · TerminalLIVE
FINWIRES

AboitizPower Confirms Vietnam Expansion, Van Phong Power Stake Plan

By

Aboitiz Power (PSE:AP) confirmed details reported by the Philippine Daily Inquirer regarding its planned expansion in Vietnam, including its proposed acquisition of a 25% stake in Van Phong Power.

Van Phong Power owns a 1,320-megawatt coal-fired power plant, according to a Friday filing with the Philippine Stock Exchange.

The company said the transaction, first disclosed in October 2025, remains subject to regulatory approval.

Aboitiz Power also confirmed discussions on cooperation in energy, food security and infrastructure during Vietnamese President To Lam's visit to Manila.

The company said it would disclose any material developments as required.

Related Articles

Asia

Global Chinese Business Club Expands Into Health and Wellness Sector

Global Chinese Business Club (HKG:1757) has launched two health and wellness brands and established a chain of stores across mainland China, according to a Thursday Hong Kong bourse filing.The company said the business operates under the Wicens and Tofans brands, with outlets in cities including Shenzhen, Beijing, Shanghai, Wuhan, Fuzhou, Chongqing, Shenyang, and Xi'an.

$HKG:1757
Asia

Postal Savings Bank of China Raises 30 Billion Yuan via Bond Issue

Postal Savings Bank of China (SHA:601658) raised 30 billion yuan via the issue of perpetual capital bonds to boost capital.The bonds carry a coupon rate of 1.88% for the first five years, adjusted every five years, according to a Thursday filing with the Shanghai bourse.

$SHA:601658
Asia

Gongniu Trims Share Buyback Price Cap After Dividend Payout; Shares Up 3%

Gongniu Group (SHA:603195) lowered the threshold of the price of its share buyback after distributing its cash dividend for the 2025 period.Price of each share will be capped at 60.10 yuan, lower than the previous limit of 62 yuan, according to a Shanghai bourse filing on Friday.The electrical products manufacturer announced plans to repurchase shares worth between 200 million yuan and 400 million yuan in April.The dividend of 1.90 yuan per share was distributed Thursday.The company's shares rose 3% during the morning trade.

$SHA:603195