singapores sembcorp spends 160 million to acquire majority stakes in gelexs subsidiaries

Singapore's Sembcorp spends $160 million to acquire majority stakes in Gelex's subsidiaries

On November 10, Sembcorp Industries (Sembcorp) announced that its wholly-owned subsidiary, Sembcorp Solar Vietnam Pte Ltd, has reached an agreement to acquire majority interests ranging from 73 per cent to 100 per cent in various subsidiaries of Gelex Group Joint Stock Company (Gelex).
frasers property vietnam and gelex group break ground on bac ninh project

Frasers Property Vietnam and GELEX Group break ground on Bac Ninh project

Frasers Property Vietnam (FPV) and GELEX Group jointly broke ground on the Industrial Centre Yen Phong 2C in Bac Ninh province on September 19, to make their first industrial and logistics project in North Vietnam since the signing of a partnership agreement in March.
frasers property and gelex group announce 250 million deal

Frasers Property and Gelex Group announce $250 million deal

Frasers Property Vietnam (FPV), one of Vietnam's leading diversified property developers, announced its partnership with local multi-sector investment holding company Gelex Group on March 1 to grow its industrial portfolio and build its presence across northern Vietnam. The combined investment totals approximately $250 million.
gelex lists on hose

GELEX lists on HOSE

The HCM Stock Exchange (HOSE) has announced the listing and trading of shares in Vietnam Electric Equipment Joint Stock Corporation’s (GELEX).
gelex to raise stake in viglacera

Gelex to raise stake in Viglacera

The Vietnam Electrical Equipment JSC (Gelex) plans to acquire a 21 per cent stake in the industrial group Viglacera.
gelex supports green talkshow

GELEX supports green talkshow

The Vietnam Electrical Equipment Joint Stock Corporation, popularly known as GELEX, has become the main sponsor of a new TV ‘green’ programme.
mb capital becomes major shareholder of gelex

MB Capital becomes major shareholder of Gelex

MB Capital is estimated to have spent VND410 billion ($18 million) on a deal to increase its holdings at Gelex.
dragon capital becomes large shareholder of gelex

Dragon Capital becomes large shareholder of GELEX

Dragon Capital has just bought 813,110 shares to raise its ownership to 5.05 per cent in Vietnam Electrical Equipment JSC (GELEX).
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 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.