Asia Connect
Japan’s Chubu Electric to acquire 20% stake in Vietnam power firm
Bitexco owns 21 hydropower plants and one solar facility across the country
Nguyen Tuong Thuy
15 Oct 2021
Chubu Electric Power Co is investing into Vietnamese firm Bitexco Power with a 20% stake by purchasing undisclosed stakes from Japan’s Orix Corp and Singapore’s United Overseas Bank and buying new shares to be issued by the Vietnamese company.
