Established since 1977, Refrigeration Electrical Engineering Corporation (REE) today is a publicly-traded diversified business group operating in the primary fields of refrigeration electrical mechanical engineering services; real estate development and management; and power & water utility infrastructures. As one of the first two companies to list its shares on the Ho Chi Minh City Stock Exchange, REE is among the 50 largest companies in term of market capitalization on Ho Chi Minh Stock Exchange (as of 31/12/2018, REE’s market capitalization is VND 9,550 billion).
History of REE
2018: e.town 5 office tower commenced construction with a total construction area of 29,950m².
2017: e.town Central office tower commenced operation with a total leasable area of 34,000m².
2016: Tra Vinh Rural Electric Development JSC (DTV) and Vietnam Infrastructure Investment & Development JSC (VIID) became REE’s subsidiaries.
2015: The Company concluded the conversion of the bonds issued to Platinum Victory Pte. Ltd. in 2012, a 100% owned subsidiary of Jardine Cycle & Carriage, bring the former’s ownership in REE to 22%.
2014: Thac Ba Hydro Power Plant (TBC) became a subsidiary of REE.
2012 – 2013: REE continued to expand into the power and water utility infrastructures as well as stood ready to develop new real estate projects.
2011: REE Tower commenced operation with a total leasable area of 20,000m².
2010: REE expanded into power and water infrastructure sectors, looking to meet such basic social needs.
2008: REE’s e.town campus came into full operation with a total leasable area of 80,000m².
2002 – 2003: the Company structured the manufacturing and mechanical & electrical engineering activities into REE M&E and REE Electric Appliances to grow the businesses stronger.
2001: e.town 1 Building commenced construction, marking the Company’s first entry into real estate development.
2000: REE became the first company to be listed on Vietnam’s stock market.
1997: REE was the first company to issue convertible bonds to foreign investors.
1996: the Company introduced its first Reetech products.
1993: REE was one of the first companies to be equitized, paving the way to enhance the Company’s competitiveness.
1977: the Company was established on the basis of a state entity which later changed its name into Refrigeration Electrical Engineering Company.
REE operates under Business Registration Certificate No. 0300741143 issued on 29 December 1993 and amended the 25th time on 3 June 2016.
The main business activities of the Company in 2018 include:
• Refrigeration Electrical Mechanical Engineering business
• Real estate development and management;
• Power and water utility infrastructures with ownership stakes in power utilities and water treatment plants.
REE’s head office is located at 364 Cong Hoa Street, Ward 13, Tan Binh District, Ho Chi Minh City.
The major business geographies of REE’s subsidiaries and associates are Ho Chi Minh City, Ha Noi, Yen Bai, Quang Ninh, Hai Duong, Ninh Binh, Hue, Da Nang, Binh Dinh, Phu Yen, Binh Thuan, Binh Phuoc, Binh Duong, and Tra Vinh.
M&E services and Reetech products are provided nationwide.