GELEX Group (ticker: GEX) has announced its plan to sell 10 million shares of GELEX Electric (GEE), expecting to raise around VND 1,800 billion if the transaction is completed.

According to the newly released information, GELEX will sell 10 million GEE shares, equivalent to 2.74% of GELEX Electric’s charter capital. The transaction is scheduled from December 17, 2025 to January 15, 2026, through order-matching and/or negotiated deals.

GELEX is currently a major shareholder at GELEX Electric, holding 78.69% of its charter capital, equivalent to 287,994,720 shares out of a total 365,999,956 listed shares. If the sale of 10 million shares is successful, GELEX will retain 277,994,720 shares, or 75.95% ownership

GELEX explains that the divestment aims to rebalance its investment portfolio and secure long-term capital for strategic activities, while still maintaining majority interest and voting control above 75% at GELEX Electric

GELEX Electric is one of the Group’s two sub-holdings, operating 9 subsidiaries that manufacture and supply a full range of products across the electricity value chain, from transmission to distribution and household use. Many of its brands hold strong positions in Vietnam’s market, such as CADIVI, THIBIDI, EMIC, and CFT.

In terms of business performance, GELEX Electric recorded VND 18,235 billion in revenue in the first nine months of 2025, up 25% year-on-year. Pre-tax profit reached VND 3,532 billion, a 162% increase. Pre-tax profit from core business activities was VND 2,059 billion, up 93% compared to the same period last year (VND 1,067 billion).

By the end of Q3/2025, the company had achieved 76.6% of its annual revenue target and already surpassed its full-year pre-tax profit goal, completing 101% of the plan.

On the stock market, at the close of December 12, 2025, GEE shares were priced at VND 180,000. Based on this price, the 10 million shares GELEX plans to divest are valued at approximately VND 1,800 billion.