Illustrative image: REE
REE Corporation (REE) recently announced Resolution No. 34/2025/NQ-HĐQT-REE dated November 6, 2025, from its Board of Directors, approving the increase in charter capital and amendments to the charter of REE Energy LLC.
Accordingly, the REE Board of Directors has approved increasing REE Energy’s charter capital from VND 7,248 billion to VND 10,500 billion. The capital increase will be funded through additional contributions from the company’s owner.
It is noted that REE Energy is a wholly-owned subsidiary of REE, with 100% ownership as of September 30, 2025.
In another development, in mid-October 2025, REE announced a Board of Directors Resolution approving the establishment of two subsidiaries to implement the company’s projects.
The first company, REE Duyen Hai 2 Wind Power LLC, has an initial charter capital of VND 30 billion, with a projected total charter capital of VND 677 billion.
REE established this company to execute the V1-3 Wind Power Plant Phase 2 project, with a total investment of VND 2,257 billion. This includes VND 677 billion in equity and VND 1,159 billion in loans.
The second company, REE Duyen Hai 3 Wind Power LLC, has an initial charter capital of VND 50 billion, with a projected total charter capital of VND 1,159 billion.
This company was established to implement the V1-5 and V1-6 Wind Power Plant Phase 2 project, with a total investment of VND 3,864 billion, comprising VND 1,159 billion in equity and VND 2,705 billion in loans.
Both companies are located at the Wind Power Plant No. 3 Management Building, V1-3, Nha Mat Hamlet, Truong Long Hoa Ward, Vinh Long Province.
REE will contribute capital to these companies in cash, owning 100% of the charter capital. The capital contribution is expected to be completed in Q4/2025.
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