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GELEX Group Joint Stock Company (HoSE: GEX) has become a major shareholder of the Vietnam Seafood Corporation – Joint Stock Company (Seaprodex, UpCoM: SEA) by increasing its ownership to 9.52% of the charter capital, with the transaction conducted December 17, 2024.

GELEX announces the purchase of 5,898,200 SEA shares from Seaprodex on December 17, 2024, increasing its ownership from 4.8% to 9.52%, which equates to holding 11,898,200 shares and becoming a major shareholder of the company.

According to the data on December 17, 2024, UpCom recorded 5,898,200 SEA shares being traded via agreement, exactly matching GELEX’s purchase order, with a value of nearly 242 billion VND.

According to information from GELEX, in the first 11 months of this year, GELEX’s consolidated net revenue reached VND 30.16 trillion, achieving 93% of its annual revenue target. The consolidated pre-tax profit was VND 2.845 trillion, corresponding to 143% of the plan.

GELEX is recognized as a leading investment group in Vietnam, owning many reputable brands.

Recently, VIS Rating – a credit rating agency following Moody’s standards – also assessed the long-term issuance credit rating of GELEX at level A with a stable outlook. This is the first rating from VIS Rating for GELEX.