The Refrigeration Electrical Engineering Corporation (REE) has announced plans to issue nearly 70.7 million shares to pay dividends for 2024 to shareholders at a ratio of 100:15—meaning shareholders with 100 shares will receive 15 new shares. The total issuance value is over 706.5 billion VND, with funding sourced from undistributed after-tax profits. The execution will occur after approval from the State Securities Commission. Previously, REE distributed a cash dividend of 10%, totaling approximately 471 billion VND for over 471 million shares currently circulating. Additionally, foreign fund Platinum Victory Pte. Ltd. failed to complete the purchase of nearly 16.04 million REE shares due to unfavorable market conditions and has re-registered to acquire them next month.
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