GELEX has announced a plan to sell 10 million GEE shares, representing 2.74% of GELEX Electric’s equity, from December 17, 2025, to January 15, 2026. Currently, GELEX holds 78.69% of GELEX Electric, equivalent to 287,994,720 shares. Following the sale, its ownership will drop to 75.95% (277,994,720 shares). The divestment aims to restructure investment portfolios and create long-term capital for strategic operations while maintaining controlling voting rights. GELEX Electric, part of the GELEX Group, oversees nine subsidiaries and well-known brands like CADIVI and THIBIDI. In the first nine months of 2025, GELEX Electric recorded a revenue of 18.235 trillion VND, up 25% year-on-year, with a pre-tax profit of 3.532 trillion VND, a rise of 162%. By the end of Q3 2025, the company achieved 76.6% of its revenue target, fulfilling 101% of its profit goal. GEE shares are trading at 180,000 VND per share, valuing the intended sale at approximately 1.8 trillion VND.
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