The company plans to issue 100 million shares through a public auction, with a starting price of 28,000 VND per share. The goal is to list these shares on the Ho Chi Minh Stock Exchange (HoSE).

A company representative stated that the shares would be offered to the public via a public auction at HoSE. Detailed information regarding the offering and auction will be announced through public media channels, as required by regulations.

Gelex Infrastructure anticipates raising 2,800 billion VND if the offering is successful. These funds are slated for increasing the charter capital of Titan Hai Phong Joint Stock Company. This will supplement the equity for the first phase of the Tran Duong - Hoa Binh Industrial Park (Zone A) infrastructure investment, construction, and business project, and also for the company's financial restructuring.

Gelex Infrastructure was established in 2016 and operates under a parent company-subsidiary model. The company owns subsidiaries across various sectors, including commercial and industrial park real estate, building materials, and utility infrastructure. These include Viglacera Corporation, Long Son Petrochemical Industrial Park Investment Joint Stock Company, Song Da Clean Water Investment Joint Stock Company, FIH Vietnam Company Limited, and Titan Hai Phong Joint Stock Company.

Recently, the company acquired a 49% stake in Titan Corporation Company Limited from Gelex Group. Titan Corporation is a joint venture partner with Frasers Property Vietnam, developing LEED-certified industrial space products such as ready-built factories (RBF), ready-built warehouses (RBW), and build-to-suit (BTS) factories/warehouses. Currently, Titan Corporation is implementing five projects with a total area of 100 hectares.

Real estate and building materials are the primary sources of profit and revenue for the company. Commercial and industrial park real estate has been identified as a new growth driver. Gelex Infrastructure plans to focus on this sector until 2030.

Yen Chi