Global Pacific to hold EGM for capital restructuring and governance changes

Global Pacific Shipping JSC is set to convene an Extraordinary General Meeting (EGM) of shareholders in 2025. The company's board of directors approved the record date for shareholder eligibility, scheduled for September 26, 2025, with the EGM tentatively slated for October 27, 2025. Each shareholder will be entitled to one voting right per share, with the common stock valued at VND10,000 per share.

The primary objectives of the EGM include a proposal to discontinue the previously approved plan to issue additional shares to existing shareholders for capital increase, as outlined in a May 31, 2024 resolution. Furthermore, the meeting will consider a plan for a private placement of shares to professional securities investors, signaling a potential shift in the company’s fundraising strategy.

The agenda also includes proposals to adjust the company's registered office address, amend and supplement the company charter, and revise the internal corporate governance regulations. These changes underscore a comprehensive review of Global Pacific's operational and structural framework, aiming to adapt to evolving business requirements.