Construction & Materials

Gelex Infrastructure (GEL) plans a private placement of 100 million shares, targeting proceeds of approximately VND 3,330 billion (USD 133.2 million) in Q3/2026-Q2/2027. The company will also propose no dividend for 2025 to prioritize investment in key projects, including the Gia Binh Airport project.

On June 4, 2026, foreign investors net sold VND 5,742.2 billion on the Vietnamese stock market, the largest daily sell-off in recent months, but domestic institutions absorbed the entire amount with net purchases of VND 5,915.0 billion. A notable block trade saw 25.2 million VIC shares worth VND 4,997.4 billion transferred from foreign to domestic hands, signaling a major ownership shift in Vingroup.

GELEX Infrastructure (GEL) plans a private placement of 100 million shares to raise charter capital from VND 8.9T to VND 9.9T, with execution from Q3/2026 to Q2/2027. The proceeds will fund key infrastructure projects, including Gia Binh International Airport and real estate developments, as the company enters a new investment cycle.

Yuanta Securities updates on PC1 and DGC stocks, noting legal issues in the mining sector and tighter regulatory oversight, but sees long-term benefits from transparency.

VIW sees a major shareholder change as An Quy Hung Holding, linked to Vinaconex's chairman, buys a 23% stake for VND 299B. Vinaconex concurrently reduces its ownership to 86% and plans further divestment to 25%, signaling a strategic shift in its investment in the environmental services firm.

VNE shares of VNECO hit ceiling for 5 consecutive sessions after a sharp decline, driven by market supply-demand dynamics and clarification of delisting rumors. The company states the price movement reflects a revaluation of the stock's intrinsic value, not internal business changes.

VNE stock experienced 5 consecutive ceiling-price increases after a prior decline, prompting HOSE to request an explanation. The company attributed the move to market supply-demand dynamics and a correction of perceived undervaluation, while denying any internal operational changes.

Gelex Infra (GEL) established a wholly-owned subsidiary Gelex Development in Ho Chi Minh City with charter capital of 30 billion VND, appointing Mr. Dinh Van Hiep as General Director.