Petrolimex Hanoi's parent company merges with Vietnam Oil and Gas Group

Petrolimex Hanoi Transportation and Trading Joint Stock Company (PJC) announced on October 3, 2025, an extraordinary information disclosure regarding the merger of its parent company, Petrolimex Petroleum Services Corporation (PTC), with the Vietnam Oil and Gas Group. The merger, effective October 1, 2025, follows contract number 125/2025/PLX-PTC and involves the Vietnam Oil and Gas Group acquiring all assets, debts, rights, obligations, and legal interests of PTC.

The Vietnam Oil and Gas Group is the acquiring entity. Petrolimex Petroleum Services Corporation is the merged entity. The merger is expected to be completed within 30 days from the contract signing, or a longer period as decided by the Group.

Upon completion, PTC will cease to exist, and the Vietnam Oil and Gas Group will assume all its assets, rights, obligations, and legal interests. PJC's announcement follows Article 14, Clause 3 of Circular No. 96/2020/TT-BTC on extraordinary information disclosure for audited financial statements.