PetroVietnam Oil Phu Yen to update business scope and charter

PetroVietnam Oil Phu Yen Joint Stock Company (HNX:PPY) has announced a record date of October 6, 2025, to solicit written opinions from shareholders regarding a proposed update to its business registration. The company plans to amend its business lines, update information on administrative boundaries, and modify its organizational and operational charter. This initiative, sanctioned by a board of directors resolution on September 22, 2025, aims to adapt the company's operations to current regulations and market conditions.

The solicitation process will involve sending opinion forms to shareholders on October 8, 2025, with a deadline for responses set for October 18, 2025. Each common share grants one voting right, with a par value of VND10,000 per share. The company currently does not have preferred voting shares.

The voting will take place during October 2025 at the company's headquarters located at 157-159 Hung Vuong, Tuy Hoa Ward, Dak Lak Province. These changes are crucial for the company's strategic alignment and future operational flexibility, reflecting the board of directors' commitment to enhancing governance and business efficiency.