GELEX Electric Increases Charter Capital, Announces 20% Bonus Shares

GELEX Electric (GEE) has announced it will increase its charter capital by issuing 61 million new shares to existing shareholders at a 5:1 ratio, with a registration date of 29/04/2025. The total issuance value is estimated at 610 billion VND, raising the charter capital from 3.050 trillion to 3.660 trillion VND. Additionally, GELEX Electric will pay a cash dividend of 20%, with each share receiving 2,000 VND, with a cutoff date of 24/04, and payment expected by 14/05/2025. GEE shareholders can expect to receive a total profit of up to 50% from dividends and bonus shares. This capital increase from retained earnings optimizes benefits for shareholders, while the stock price of GEE opened at 80,200 VND per share.