(Vietstock) – On June 27, Searee Refrigeration Electrical Engineering Corporation (Searee), a member of Searefico Group’s ecosystem (HOSE: SRF), signed agreements to attract strategic investment and restart its mechanical manufacturing plant.
Da Nang City has officially been approved to establish a Free Trade Zone under Decision No. 1142/QĐ-TTg of the Prime Minister. At the same time, Searee inaugurated a new production line for air ducts and accessories under the Thanh Xuan brand at the Searee Mechanical Plant. This milestone marks the completion of Searee’s three-pillar business model, encompassing manufacturing, trading, and services.
On the same day, Searee signed a Share Subscription Agreement (SSA) with Taisei Oncho Vietnam (TOVH), along with a Shareholders’ Agreement (SHA) among Searee, Searefico E&C, and TOVH. Under these agreements, Taisei Oncho Vietnam became a direct equity investor in Searee to jointly develop the Searee Industrial Building (SIB) project in Da Nang City. The three parties have also agreed on a common framework for cooperation, governance, and operations.
Mr. Phan Dinh Vinh, Director of Searee and Vice Director of Searefico E&C, emphasized that the signing of the SSA and SHA establishes a foundation for professional governance, ensuring that capital is utilized effectively and in line with commitments, thereby delivering benefits to all parties and supporting the company’s growth.
Mr. Nguyen Khoa Dang, CEO of Searefico Corp and Chairman of the BOD of Searee, shared that under the five-year strategy (2023–2028), Searee aims to expand an additional 50,000 m² of leasable floor area and pursue an IPO. He expressed strong confidence that Taisei Oncho Vietnam will continue to accompany Searee throughout this journey, serving both as a financial investor and a long-term strategic partner.
In addition, Searee has secured a medium-term credit facility from Techcombank (HOSE: TCB), bringing the total value of newly mobilized capital to approximately VND 120 billion, including both international investment and domestic financing.
The Searee Industrial Building (SIB), located in Hòa Khánh Industrial Park, is scheduled to commence operations in January 2026. As one of the first multi-story industrial facilities in the area, the project will feature five above-ground floors and one semi-basement with a total height of 28 meters. The building is designed to meet LEED certification standards and FM Approved requirements.
Notably, in the first half of 2025, the total released backlog across Searefico’s ecosystem members was estimated at nearly VND 1,400 billion.
Source: Vietstock
