gelex rated a by vis rating

GELEX rated A by VIS Rating

On October 25, Vietnam Investors Service and Credit Rating Agency JSC (VIS Rating) announced the long-term issuer credit rating for GELEX at A, with a stable outlook.
gelex explores divestment in energy projects

Gelex explores divestment in energy projects

Vietnamese conglomerate Gelex Corporation is in negotiations to divest its stakes in power projects to foreign inevstors.
gelex ambitions to lead electrical equipment industry

Gelex ambitions to lead electrical equipment industry

The annual general shareholders’ meeting (AGM) of Vietnam Electrical Engineering Equipment JSC (Gelex, HoSE: GEX) on April 27 approved comprehensive restructuring in three segments. The firm designated electrical devices as the main sector helping it to maintain its leading position in the industry.
gelex tower achieves leed platinum certification

GELEX Tower achieves LEED Platinum certification

On November 15 in Hanoi, the representative of the US Green Building Council awarded the LEED Platinum v4.1 green building certification to the investor of the GELEX Tower building.
gelex fined to more than 53000 for erroneous tax declaration

GELEX fined to more than $53,000 for erroneous tax declaration

The Hanoi Department of Taxation has just issued a fine of more than VND181 million ($8,000) to Vietnam Electrical Equipment JSC (GELEX) for erroneous tax declaration, along with over VND1.03 billion ($45,400) in tax arrears and late payment fees.
shinhan securities vietnam successfully arranges bond issuance for gelex

Shinhan Securities Vietnam successfully arranges bond issuance for Gelex

The financial market has seen high volatilities in the wake of the ongoing COVID-19 pandemic, and financial and credit institutions have become more cautious in lending and investment, focusing more on risk management. Despite market vulnerabilities, Shinhan Securities Vietnam Co. Ltd. (SSV) successfully arranged the issuance of three-year bonds valued at VND700 billion ($30.5 million) for Vietnam Electric Equipment Joint Stock Corporation (Gelex) last month.
gelex gives up logistics core to widen foothold in industrial park development

Gelex gives up logistics core to widen foothold in industrial park development

Gelex will give up logistics, which is one of its four core business sectors, and divest from Dong Nai Port JSC to wade deeper into industrial park development.
gelex targets making it to top 20 vietnamese private businesses

Gelex targets making it to Top 20 Vietnamese private businesses

After three years of comprehensive restructuring, Gelex has gained outstanding growth in the four key business lines of industry, utility (including power generation and clean water), logistics, and real estate.
pstc and gelex to kick off 54 million solar farm this month

PSTC and Gelex to kick off $54-million solar farm this month

Power Solution Technologies Public Company Limited (PSTC) from Thailand and Vietnam Electrical Equipment JSC (Gelex) have accelerated procedures to kick off the construction of Gelex solar farm located in the central province of Ninh Thuan this month.
gelex named among companies with most notable ma deals for 2024

GELEX named among companies with most notable M&A deals for 2024

GELEX was honoured along with 15 other businesses as conductors of outstanding deals this year at the 2024 Vietnam M&A Forum in Hanoi on November 27.
sk group completes sale of 76 million masan group shares

SK Group completes sale of 76 million Masan Group shares

SK Group has successfully sold 76 million shares in Masan Group on October 31 via the put-through method.
sk group extends the put option for its long term investment in masan group

SK Group extends the put option for its long-term investment in Masan Group

South Korean conglomerate SK Group and Vietnamese corporation Masan Group (HSX: MSN) announced an agreement on September 4 to extend the timeline for SK Group's put option with Masan by up to five years.
keppel group and sovico group cooperate on sustainable energy and urbanisation

Keppel Group and Sovico Group cooperate on sustainable energy and urbanisation

Both groups signed an MoU for the development and rollout of energy and environmental solutions for large-scale decarbonisation, as well as for smart and sustainable urban development and township management services.
beta group and alphanam group sign strategic cooperation deal

Beta Group and Alphanam Group sign strategic cooperation deal

Beta Group and Alphanam Group have signed a strategic cooperation agreement this month to mark the cooperation between the two parties in the serviced apartment sector in Vietnam.
masan group and sk group complete strategic partnership deal

Masan Group and SK Group complete strategic partnership deal

Masan Group Corporation (HSX: MSN) today announced the completion of SK Group’s (SK Group) purchase of 109,899,932 treasury shares at VND100,000 ($4.4) per share, a total consideration of approximately $470 million. SK Group is now the largest foreign shareholder of Masan Group.