In m88.vin download apk journey of more than 30 years of construction and development, GELEX has affirmed its position of a stature enterprise with positive and sustainable growth indicators.

m88.vin download apk important milestones

GELEX Building, located at No. 52 Le Dai Hanh – Hai Ba Trung – Hanoi – Headquarters of m88 cá cược trực tuyến.

With m88.vin download apk mission of becoming a pioneer in m88.vin download apk segment of electrical equipment, in 1990, m88.vin download apk Electrical Engineering Equipment Corporation (formerly known as Vietnam Electrical Equipment Joint Stock Corporation) was established. In 2006, m88.vin download apk business changed, operating under m88.vin download apk model of m88.vin download apk parent-subsidiary company, expanding its segments activities in design and manufacture of electrical measuring equipment, real estate business, hotel services, tourism, offices for rent, etc.

In 2010, m88.vin download apk Corporation equitized m88.vin download apk enterprise and changed its name to Vietnam Electrical Equipment Joint Stock Corporation with a total charter capital of VND 1,400 billion. At that time, m88.vin download apk Ministry of Industry and Trade was m88.vin download apk state shareholder owning nearly 80% of m88.vin download apk charter capital.

An important turning point took place in 2015 when m88.vin download apk company changed its ownership structure, and entered m88.vin download apk restructuring phase toward its goal of serving m88.vin download apk development plan, focusing its strength on enterprises in m88.vin download apk main business segments. m88.vin download apk Group implemented a process to increase its ownership, contribute more capital to core business and potential electrical equipment segments, as well as implemented a process for in-depth investment, capacity improvement, and expansion of production and business scale of these companies.

2018 is an important milestone when m88 cá cược trực tuyến officially became a listed company on HoSE with code GEX. At that time, the Group’s revenue reached VND 13,699 billion, and profit before tax reached VND 1,533 billion, focusing on 02 core segments: Industrial Production (mainly electrical equipment) and Infrastructure.

A vigorous changing

After nearly 5 years of comprehensive restructuring, m88 cá cược trực tuyến has basically completed the capital restructuring process, becoming a multi-industry investment group that owns many reputable brands such as Viglacera, Song Da Water Plant, CADIVI power cables, EMIC electrical measuring equipment, THIBIDI transformers, HEM electric motors, etc. In 2021, the Group achieved a consolidated net revenue of VND 28,578 billion and a consolidated profit before tax reached VND 2,057 billion.

Regarding development orientation, in m88.vin download apk next phase, GELEX focuses on m88.vin download apk development of Industrial production and Infrastructure, thereby defining specific development strategies in each segment. For industrial production, m88.vin download apk Group directs its units to promote investment in technology, develop new products as well as strengthen m88.vin download apk technology application in management to enhance m88.vin download apk efficiency of production and business activities, expand m88.vin download apk market and market share and maintain its position as m88.vin download apk leading unit in m88.vin download apk electrical equipment segment. In m88.vin download apk infrastructure segment, through its member units, GELEX focuses on investing in industrial park real estate and social housing, clean energy projects, water production and trading, building materials, etc. At m88.vin download apk same time, GELEX continues to implement commercial real estate projects on schedule, optimizes m88.vin download apk use of m88.vin download apk system’s land bank in order to create a stable and sustainable income in m88.vin download apk long term. In addition, GELEX continues to pursue m88.vin download apk growth strategy of core business segments through appropriate M&A activities.

m88.vin download apk industrial real estate is a leading-edge area of GELEX.

With constant efforts to pursue those strategic goals, GELEX has achieved m88.vin download apk achievement of strong growth. It can be affirmed that 2021 marked an impressive transformation of GELEX when it successfully implemented M&A of Viglacera Corporation – JSC, completed m88.vin download apk restructuring of two sub-holdings and exceeded targeted revenue and profit, built a solid foundation for m88.vin download apk next stages of m88.vin download apk Group’s development.

Over m88.vin download apk years, GELEX and its member companies have successively received m88.vin download apk National Brand Award: CADIVI with 8 times successively; Viglacera with 6 times successively; GELEX with 5 times successively and THIBIDI with 4 times successively. Besides, GELEX has also entered m88.vin download apk prestigious TOP votes such as: Top 15 listed companies with good business performance for 3 successful years (2017 -2019); Top 50 most effective business companies in Vietnam 2020; Top 50 best-listed companies in Vietnam in 2021; Top 50 most profitable enterprises in Vietnam 2022, etc.

This achievement is a sustainable proof affirming the prestige and strength of m88 cá cược trực tuyến and its member units on the journey of more than 32 years of establishment and development.

Always enhance a sense of m88.vin download apk responsibility to society and m88.vin download apk community

Throughout its development journey, GELEX has always lit up m88.vin download apk fire of patriotism, solidarity, and mutual love for m88.vin download apk community. Every year, GELEX spends tens of billions of dongs to contribute and share its support with m88.vin download apk community. For example, GELEX donated VND 30 billion to m88.vin download apk Vaccine Fund to prevent Covid-19, donated VND 6 billion to support m88.vin download apk house construction for poor households in Tuyen Quang, presented savings books worth more than VND 1.4 billion for m88.vin download apk gratitude of war invalids and martyrs’ families, supported m88.vin download apk central provinces to overcome m88.vin download apk consequences of floods; joined hands for Agent Orange victims, etc.

It can be said that, along with strong production and business activities, GELEX has left impressive marks in contribution to m88.vin download apk community with m88.vin download apk desire to contribute to creating a better and more sustainable life.

GELEX IS IN m88.vin download apk TOP 50 MOST EFFECTIVE BUSINESS COMPANIES IN VIETNAM IN 2022

This is an annual ranking of value and prestige by Nhip Cau Dau Tu Magazine in collaboration with Thien Viet Securities Joint Stock Company, with m88.vin download apk consultation of leading economic and business experts from Harvard Business School toward its goal of searching and honoring companies that have effective business on Vietnam’s securities market.

m88 cá cược trực tuyến Joint Stock Company is in the top 50 most effective business companies in Vietnam

For 3 successive years (2019-2021), m88 cá cược trực tuyến achieved the following growth indicators: Revenue increased by 27.7%; Return on equity (ROE) increased by 10.7% and the rate of return for investors increased by 188.5%. 

The above results have objectively assessed the governance capacity of m88 cá cược trực tuyến in the context of difficult financial markets as well as the instability of the world economy. 

TOP50 has experienced 10 years of successfully surveying and ranking companies (2010-2021). This is considered a special ranking that honors many businesses with larger scales, higher capitalization value, and a vigorous growth rate.

According to Infonet (specialist page of Vietnamnet.vn)