Largest shareholder seeks more than 6 mln REE Corp shares
Platinum Victory Pte. Ltd Fund, the largest shareholder in Refrigeration Electrical Engineering Corporation (REE Corp), on Monday registered to buy 6,025,714 shares to increase its ownership rate.
The implementation time is expected from September 15 to October 14 by the method of agreement or order matching on the stock exchange or via the Vietnam Securities Depository (VSD).
If successful, the Singapore-based fund will increase its ownership from more than 118 million shares, accounting for 33.3%, to more than 124 million shares, equal to 34.99% of charter capital.
Previously, Platinum Victory Pte. Ltd had completed the purchase of 446,700 out of 6.5 million REE shares registered from August 11 to September 9 by put-through trading on the stock exchange.
This fund raised its ownership from 117.9 million shares (33.17%) to 118.3 million (33.3%).
In REE Corporation's shareholder structure, Platinum Victory Pte. Ptd is currently the largest investor, followed by chairman Nguyen Thi Mai Thanh with 12.20%.
In the first half of 2022, REE Corp recorded net revenue and after-tax profit of VND4,068 billion ($172.93 million) and VND1,710 billion ($72.69 million), up 44.3% and 81.5% year-on-year, respectively.
After the first six months, it had fullfilled 44% of its 2022 revenue target and 83% of the profit plan.
On the Ho Chi Minh Stock Exchange, the REE share price hit VND85,100 ($3.62) at the closing session on Monday.
American energy corporation AES has received in-principle approval from the Ministry of Industry and Trade for its VND50,432 billion ($2.11 billion) Son My 2 LNG-to-power project in the south-central province of Binh Thuan.
Energy - Fri, September 30, 2022 | 9:24 pm GTM+7
Coro Energy has completed commissioning of its Vietnam rooftop solar pilot project, the UK-based energy firm announced Friday.
Energy - Fri, September 30, 2022 | 6:59 pm GTM+7
Vietnam’s benchmark VN-Index reversed a consecutive five session decline with a six-point gain Friday to close at 1,132 points.
Finance - Fri, September 30, 2022 | 6:30 pm GTM+7
The industrial and logistics market in Ho Chi Minh City, Dong Nai, Binh Duong, Long An, and Ba Ria-Vung Tau will continue to grow in 2022-2023 thanks to Vietnam’s resilient economic expansion, according to Cushman and Wakefield.
Real Estate - Fri, September 30, 2022 | 3:32 pm GTM+7
Building a Vietnam bonded warehouse for U.S. cotton would benefit both countries, Vietnam Textile and Apparel Association (Vinatas) chairman Vu Duc Giang said Friday.
Industries - Fri, September 30, 2022 | 3:19 pm GTM+7
Thailand's Central Retail is seeking opportunities to build malls and supermarkets in Binh Thuan province.
Industries - Fri, September 30, 2022 | 3:05 pm GTM+7
Invest Global, an investment consultancy under the Vietnam Association of Foreign-Invested Enterprises (VAFIE), and a delegation of 15 Indian businesses have signed an agreement on boosting investment cooperation between the two countries.
Industries - Fri, September 30, 2022 | 8:05 am GTM+7
Vietnam’s benchmark VN-Index dropped 17.55 points Thursday to 1,126.07, despite newly-released data showing the country’s nine-month GDP growth hitting 8.83%, a record high in 12 years.
Finance - Thu, September 29, 2022 | 5:18 pm GTM+7
Hoa Phat Group has begun production at its new home appliance factory worth VND1,000 billion ($42 million) in Ha Nam province.
Industries - Thu, September 29, 2022 | 4:28 pm GTM+7
The U.S., EU, China and South Korea imported nearly $27 billion worth of phones and components from Vietnam in the first eight months of the year, according to the Ministry of Industry and Trade.
Economy - Thu, September 29, 2022 | 4:06 pm GTM+7
The northern port city of Hai Phong seeks to build 15 more industrial parks totaling 6,200 hectares to attract $15 billion in foreign direct investment in 2020-2025.
Industries - Thu, September 29, 2022 | 3:13 pm GTM+7
Vietnamese tech giant Viettel has selected Taiwanese 5G solutions supplier UfiSpace to jointly deploy disaggregated cell site gateways for Viettel’s massive 5G rollout in Vietnam.
Industries - Thu, September 29, 2022 | 2:27 pm GTM+7