Searefico (SRF) appoints new Chief Executive Officer

Searefico (SRF) appoints new Chief Executive Officer

Searefico Corporation, one of Vietnam's top three M&E (Mechanical & Electrical) contractors in 2024, is pleased to officially announce the appointment of Mr. Nguyễn Khoa Đăng as the new Chief Executive Officer of Searefico Corp.

Before his appointment, Mr. Nguyễn Khoa Đăng dedicated nearly eight years to Searefico Group’s continuous development. His remarkable accomplishments include the successful restructuring of Searee, following its 2021 merger with Searefico Engineering & Construction (Searefico E&C). This merger revitalized Searee, which recovered from the pandemic’s impact, expanded its business into commercial sectors, and strategically moved into industrial warehouse leasing. Notably, the Searee Logistic Center in Da Nang was inaugurated on March 29, 2024, and reached full leasing capacity by August 02, 2024. This success generated consistent revenue and profits for Searee, Searefico E&C—where Mr. Đăng serves as CEO—and contributed significantly to Searefico Corp’s overall growth.

In 2023 under Mr. Đăng's leadership, Searefico E&C surpassed the 1,000 billion VND revenue milestone for the first time in its four-year history, positioning the company among Vietnam's top contractors. Despite a challenging real estate market, Searefico E&C achieved substantial profits, enabling a 5% cash dividend distribution. By early 2024, Searefico E&C maintained stability with major M&E contracts, and the Board of Directors approved a 2% interim cash dividend, reflecting the company’s resilience and value creation for Searefico Corp.

Recognizing these achievements, the Board of Directors of Searefico Corp has entrusted Mr. Đăng with key leadership positions across the Group’s subsidiaries, including CEO of Searefico E&C, Board Member of Searee, and Board Member of Arico.

As Searefico Corp approaches its fifth decade, the company continues to affirm its leadership in two core fields—Industrial Refrigeration and M&E Construction—while simultaneously pursuing its ambition to become a diversified Engineering and Technology Group. By embracing the Holding model, Searefico Corp is focused on high-tech industries with significant market potential, aspiring to lead in key sectors and foster growth across its subsidiaries.

FiLi