GELEX becomes major shareholder at Seaprodex (SEA)

GELEX Group Corporation (HoSE: GEX) became a major shareholder of Vietnam Seafood Corporation - JSC (Seaprodex, UpCoM: SEA) when increasing ownership to 9.52% of charter capital, the transaction was executed on December 17, 2024.

GELEX announced that it had purchased 5,898,200 SEA shares from Seaprodex on December 17, 2024, increasing its ownership from 4.8% to 9.52%, equivalent to holding 11,898,200 shares and becoming a major shareholder of this enterprise. According to data on December 17, 2024, on UpCom, 5,898,200 SEA shares were traded by agreement, equal to GELEX's purchase order, with a value of nearly VND 242 billion. According to information from GELEX, in the first 11 months of this year, GELEX's consolidated net revenue reached VND 30,160 billion, completing 93% of the annual revenue target. Consolidated pre-tax profit reached VND 2,845 billion, equivalent to 143% of the plan. GELEX is known as the leading investment group in Vietnam, owning many prestigious brands. Recently, VIS Rating - a credit rating agency according to Moody's standards, also rated GELEX's long-term issuer credit rating at A with a stable outlook. This is the first rating by VIS Rating for GELEX.

Source: https://gelex.vn/tin-tuc/gelex-tro-thanh-co-dong-lon-tai-seaprodex-sea.html