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.
Shinhan Securities Vietnam successfully arranges bond issuance for Gelex

Shinhan Securities Vietnam successfully arranges bond issuance for Gelex

The market has seen high volatilities from COVID-19 and financial and credit institutions are cautious in lending and investment, focusing on risk management.
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, one of its four core business areas, and divest from Dong Nai Port JSC to double-down on 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 restructuring, Gelex has gained outstanding growth in the four key business lines of industry, utility, logistics, and real estate.
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 this deal.
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 fined to more than $53,000 for erroneous tax declaration

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

The Hanoi Department of Taxation has just fined GELEX for $53,000 for an erroneous tax declaration.
Second solar farm kicked off in Ninh Thuan

Second solar farm kicked off in Ninh Thuan

Gelex has started construction of its solar farm in the central province of Ninh Thuan this year.
Gelex ambitions to lead electrical equipment industry

Gelex ambitions to lead electrical equipment industry

The Gelex AGM on April 27 approved comprehensive restructuring in three segments and designated electrical devices as the firm's main business line.
PSTC and Gelex to kick off $54-million solar farm this month

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

PSTC from Thailand and Gelex have accelerated procedures to kick off their solar farm located in the central province of Ninh Thuan this month.