Gelex Electrical Equipment Co Ltd (Gelex Electric) has bought 30 million shares in ceramics firm Viglacera, completing 75 per cent of its purchasing target.
Gelex Electric Equipment Co Ltd has purchased 27 million shares, or 6.02 per cent of Viglacera Corporation’s capital, lifting its stake to 9.8 per cent, the Ha Noi Stock Exchange announced.
The Vietnam Electrical Equipment Joint Stock Corporation may increase the charter capital of its subsidiary business Gelex Eletrical Equipment Co Ltd six-fold, to VND2.2 trillion (US$98.6 million).