Southern Gas Trading eyes major LPG cylinder acquisition

Southern Gas Trading Joint Stock Company (PGS) has announced its resolution to approve participation in the auction for a "Lot of 12kg used empty LPG Cylinders of PetroVietnam Gas Joint Stock Corporation." The auctioned asset comprises 427,654 units of 12kg used empty LPG cylinders.

The starting price for this lot is set at VND 62,668,893,000 (VAT included), with a required deposit or bank guarantee of VND 12,000,000,000. Payment for the successful bid is due within 15 days from the signing date of the sales contract.

The board of directors has tasked the general director to proactively organize the implementation and determine the bidding price. This decision will be guided by the principle of aligning with the actual value of the asset lot and the company's financial capacity, ensuring compliance with both the resolution and relevant laws.

This strategic move, approved on September 9, 2025, reflects PGS's intent to potentially secure key assets for its operations. The resolution was based on a proposal from the general director dated September 8, 2025, and subsequent vote counting by the company's board of directors.