Asia
AboitizPower Confirms Vietnam Expansion, Van Phong Power Stake Plan
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.
PSE:AP
