Petrolimex Group to acquire majority stake in PJC subsidiary

Petrolimex Group has announced its intent to acquire 3,741,326 shares, representing 51.06% of Petrolimex Hanoi Transportation and Trading Joint Stock Company (PJC), via an off-market transfer. The transaction, valued at VND 37,413,260,000 based on par value, is intended to formalize ownership rights resulting from a business merger agreement. This move will significantly increase Petrolimex Group's direct stake in PJC.

The transfer is expected to take place between October 27, 2025, and November 26, 2025, through the Vietnam Securities Depository and Clearing Corporation (VSDC) outside of the exchange trading system. Currently, Petrolimex Group, through its direct subsidiary Petrolimex Petroleum Services Corporation, holds significant representative capital in PJC.

Following the transaction, Petrolimex Group is projected to hold 3,741,326 PJC shares, equivalent to 51.06% of the company's capital. This strategic acquisition will consolidate the group's control over its subsidiary.