GELEX Infrastructure Joint Stock Company
HHOSE:GEL28,750.00
VND
+200.00
(+0.70%)
GELEX Infrastructure Joint Stock Company
HOSE:GEL
(Ho Chi Minh Stock Exchange)
Recent
price
28,750.00
P/E
ratio
- -
div
yld
0.16%
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- GELEX Infrastructure Joint Stock Company is a Vietnam-based investment holding company that operates in industrial real estate development, construction materials manufacturing, renewable energy generation, and utility infrastructure services. As a core infrastructure subsidiary of GELEX Group Joint Stock Company, the company operates across four primary business segments: Industrial and Commercial Real Estate; Building and Construction Materials; Clean Energy and Utilities; and Water Treatment and Supply. In its Real Estate segment, the company develops, constructs, leases, and manages industrial parks, ready-built factories, logistics warehouses, commercial properties, social housing complexes, and integrated residential townships. Through its subsidiary Viglacera Corporation, the Construction Materials segment manufactures and distributes architectural float glass, ultra-clear glass, and energy-saving low-E and solar control glass; ceramic, granite, and porcelain floor and wall tiles; large sintered stone slabs; sanitary ceramics; and bathroom fixtures, fittings, and faucets. In the Clean Energy and Utilities segment, the company develops, owns, and operates utility-scale power generation assets, comprising onshore wind farms, utility and rooftop solar installations, and run-of-river hydroelectric power plants. Under its Water segment, operating primarily through Song Da Clean Water Joint Stock Company, the company provides raw water extraction, municipal water treatment, transmission, and wholesale clean water distribution to urban and industrial consumers. The company primarily serves domestic industrial enterprises, multinational manufacturers, commercial developers, utility grids, and residential retail customers across Vietnam, with selected building material exports across Southeast Asia and global markets. Founded in 2016 as GELEX Energy Company Limited and rebranded as GELEX Infrastructure Joint Stock Company in 2020, the company is headquartered in Hanoi, Vietnam, and is publicly listed on the Ho Chi Minh Stock Exchange under the ticker symbol GEL. In recent developments, GELEX Infrastructure has actively expanded its asset base and executed high-profile strategic partnerships to optimize its capital structure and accelerate business expansion. The company entered into a strategic collaboration and equity transfer agreement with Singapore-based Sembcorp Industries to divest and restructure stakes across its operational renewable energy portfolio, encompassing various wind, solar, and hydropower assets. In the real estate sector, the company expanded its partnership with Frasers Property Limited by establishing a joint venture entity, with Frasers Property holding a 51 percent controlling interest and GELEX Infrastructure holding a 49 percent interest, to develop residential and integrated township projects, including the ANmaison residential development in Hai Phong and a planned 113-hectare integrated township in Dong Nai Province. This initiative builds on the partners' joint development of premium industrial and logistics facilities across northern industrial hubs including Bac Ninh, Quang Ninh, and Hung Yen. Concurrently, the company completed its public listing on the Ho Chi Minh Stock Exchange under the ticker GEL, cementing its position as an independent listed infrastructure platform within the broader GELEX Group ecosystem while continuing to expand its industrial land bank and sustainable material manufacturing capacities nationwide.