GEE listed on Hose.jpg
GELEX Electric's Board of Directors performs the gong-beating ceremony to celebrate the first trading day of GEE shares on HoSE.

In the first trading session, 300 million GEE shares had a reference price of VND37,150/share (average reference price of 30 sessions before the delisting date on UpCom), equivalent to a capitalization of VND11,145 billion. The price fluctuation range is +/-20%.

Established in August 2016, GELEX Electric has 8 subsidiaries, manufacturing and supplying a full range of products in the electricity industry value chain from transmission to distribution and civil. Among them, many prestigious brands such as: CADIVI electric cables, THIBIDI transformers, EMIC electrical measuring equipment.

DA__7763.jpg
GELEX Electric manages the electrical equipment sector of GELEX Group Joint Stock Company.

Regarding business results, according to the recently released second quarter and semi-annual financial report, in the first 6 months of the year, GELEX Electric's consolidated net revenue reached VND9,030 billion, up 24.2% over the same period. Pre-tax profit reached VND821 billion, up 225.5% over the same period.

GEE listed on hose 2.jpg
Mr. Nguyen Trong Trung - General Director of GELEX Electric spoke at the ceremony

Speaking at the ceremony, Mr. Nguyen Trong Trung - General Director of GELEX Electric said: "The listing opens up opportunities for us to find domestic and foreign partners with financial capacity and especially technology to gather enough resources in the process of transforming into a high-tech industrial company".

GELEX Electric's leaders also committed that the company will be open and transparent about information as well as ensure strict implementation of the obligations of a listed company during its operations.

Ngoc Minh