Felicitas Co., Ltd. to purchase 10 million Gelex Electric shares

Felicitas Co., Ltd., an indirect subsidiary of Gelex Group, has registered to purchase 10 million shares of Gelex Electric JSC (GEE) for financial investment purposes. The transaction, announced on HoSE, is expected to take place between September 29 and October 28, 2026, via matching orders or agreements.

If the full amount is acquired, Felicitas will hold a 1.56% stake in Gelex Electric. Felicitas was established on August 25, 2025, and is a wholly-owned subsidiary of Gelex Investment Co., Ltd., which is part of the Gelex Group ecosystem.

Gelex Electric recently reported strong financial performance for the first half of 2026, with net revenue reaching approximately 16,621 billion VND, a 41% increase year-on-year, and after-tax profit of nearly 1,351 billion VND, up 28%. The company is also proceeding with its 2026 dividend plan, having recently closed the shareholder list for a second cash dividend installment of 5%.