Due to unfavorable market conditions,
Platinum Victory has not proceeded with the purchase of more than 17.8 million REE shares as registered.
Following the unsuccessful transaction, Platinum Victory continued to hold nearly 225.9 million REE shares, representing about 41.7% of charter capital.
Subsequently, the foreign fund registered to purchase another 17.8 million REE shares. The trade is expected to take place from April 6, 2026 to May 5, 2026.
If the trade is successful, Platinum Victory would raise its REE stake from about 225.9 million shares to about 243.7 million shares, increasing ownership from 41.7% to 44.99% of REE's charter capital.
Notably, two authorized representatives of Platinum Victory at REE, Ms. Hsu Hai Yen and Mr. Alain Xavier Cany, ceased to be a board member and deputy chairman of the board as of March 31, 2026.
In another development, REE recently published information on the repayment of principal and interest on its 2025 bond tranche.
Specifically, in 2025 REE paid a total of about VND 163.3 billion to make timely interest payments on the bond issue REEH1929001.
The bond issue comprises 2,318 bonds with a face value of VND 1 billion per bond, total issue value VND 2,318 billion, issued on January 28, 2019, with a 10-year tenor, maturity expected on January 28, 2029.
According to information published on the Hanoi Stock Exchange (HNX), this is the only REE bond issue still outstanding at present.
Previously, REE announced it had received Windsor Cristobal's resignation from the position of Chief Financial Officer effective March 28, 2026 due to relocation.
As a result, REE terminated the employment contract with Windsor Cristobal, with salary and other rights to be paid through March 27, 2026 in accordance with applicable law.
Mr. Windsor Cristobal is responsible for handing over all company documents, records, equipment, and tools provided during his tenure and settling any outstanding debts, with a handover report to be attached.
