Gelex Group registered to sell a 2.74% stake in Gelex Electric Joint Stock Company (Gelex Electric) on 12/12. The transaction is scheduled to take place from 17/12 to 15/1/2026, utilizing both order matching and negotiated transaction methods.

Gelex stated the divestment aims to restructure its investment portfolio and secure long-term capital for strategic operations. This move will maintain its controlling interest and voting rights, exceeding 75% in Gelex Electric. Gelex currently holds a 78.69% stake, or 288 million shares, in its subsidiary Gelex Electric.

At the close of trading on 12/12, GEE shares traded at VND 180,000 each, representing nearly a sevenfold increase since the year's beginning. This transaction could potentially generate approximately VND 1,800 billion for Gelex upon completion.

Gelex Electric specializes in manufacturing and supplying products across the electricity sector, encompassing transmission, distribution, and residential applications. The company boasts several prominent brands that command significant market share in Vietnam, including: Cadivi electric cables, Thibidi transformers, Emic electrical measuring devices, and CFT copper wire.

Established in 1990, Gelex Group initially focused on industrial manufacturing and infrastructure. Following the Ministry of Industry and Trade's full divestment of its 79% state capital in 2015, Gelex diversified into a multi-industry company. Its operations now span electrical equipment manufacturing, real estate, industrial parks, renewable energy, and clean water.

Over the cumulative nine months, Gelex reported a pre-tax profit of VND 3,443 billion, a 51.7% increase compared to the previous year and 13.2% above its annual target. The group's gross profit margin improved to 20.7% from 18.4% in the prior-year period.

Trong Hieu