AsemconnectVietnam - Gelex Group Joint Stock Company (code GEX - HOSE) has just announced the meeting documents of the General Meeting of Shareholders, which will take place on April 26, at Melia Hanoi Hotel, 44 Ly Thuong Kiet Street, Tran Hung Dao Ward, Hoan Kiem District, Hanoi.

According to the Gelex Board of Directors, the macro situation in 2023 is expected to continue to put a lot of pressure on the business. In that context, Gelex sets a target of consolidated net revenue of VND37,457 billion, consolidated pre-tax profit of VND1,272 billion, equal to 117% and 61% respectively compared to 2022.
Continue to invest in depth in the industrial production segment
According to published information, in 2023, through Gelex Electricity, the Group intends to continue to keep and grow its domestic market share with strategic products, and at the same time, gradually expand to the suitable foreign markets.
In particular, R&D, production optimization, cooperation with major partners to produce new products with high technology content, suitable for market demand are among the important goals. At the same time, units throughout the system will focus on improving production and business efficiency, continue to deploy solutions to optimize costs, balance debts, control inventory, streamline the apparatus/ personnel, strengthen risk management... to improve competitiveness, maintain position, support sustainable growth.
Deploying many key projects, especially real estate and logistics in industrial zones Real estate, in which industrial real estate (through its member unit Viglacera) is one of the bright spots, contributed to GELEX's overall results in the past year.
Currently, Viglacera is a leading enterprise in the field of investment and development of industrial park infrastructure, social housing/worker housing, with 12 industrial park projects with a scale of more than 4,000 hectares, attracting 300 businesses in and abroad, more than USD16 billion of FDI. Oriented to 2023, Viglacera will survey, set up investment projects and implement new industrial park projects.
Regarding social housing and worker housing, the Company plans to step by step implement a program to invest in 50,000 social housing in the period 2022-2030. In which, continue to develop social housing areas, housing for workers in sync with the development of existing industrial zones in Dong Van IV, Phu Ha and Dong Mai industrial zones; Social housing in Kim Chung; 9.8 ha social housing area in Yen Phong - Bac Ninh.
Adding a highlight in this field, Gelex and Frasers Property Vietnam recently signed a cooperation agreement to deploy industrial parks in the North with the total investment in this first phase is expected to be about VND6,000 billion, equivalent to about VND 6,000 billion (USD250 million).
Besides real estate and logistics of industrial zones, Gelex Infrastructure will continue to research and invest in potential wind power projects; exchange opportunities to cooperate with a number of partners and review new projects.
Gelex will continue to research, select, evaluate and realize potential capital investment and M&A opportunities (through the parent Gelex and its subsidiaries); at the same time, develop an appropriate management strategy after M&A.
Also according to the newly published documents, two members of the Board of Directors of Gelex, Chairman Nguyen Hoa Cuong and Vice Chairman Nguyen Trong Tieu, have submitted their resignations according to their personal wishes. These are leaders who have been with Gelex for many years through different stages of development.
Gelex will not elect new members of the Board of Directors to replace the resigned members. The number of members of the Board of Directors for the term 2021-2026 is expected to be adjusted from 7 members to 5 members.
N.Nga
Source: VITIC/Tinnhanhchungkhoan