REE looks at $1.9m thermoelectric deal

R.E.E Mechanical&Electrical Engineering Joint Stock Company (REE) planned to buy an additional 2 million shares in Pha Lai Thermoelectric Plant (PPC), creating a deal worth around VND40 billion (US$1.9 million).

If the deal passes through, REE will hold 22.88 per cent shares of Pha Lai Thermoelectric Plant, a slight increase on its current 22.26 per cent stake.

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