Global Pacific shareholders approve restructuring, private placement to raise 300 bn VND

Global Pacific Shipping JSC (HNX:PCT) held an extraordinary general meeting on October 27, 2025, with 66.8% of outstanding shares represented. Shareholders approved discontinuing a previously planned stock issuance to existing shareholders. Instead, the company will proceed with a private placement of 30 million shares at 10,000 VND per share to professional domestic investors, aiming to raise 300 billion VND for debt repayment.

The meeting also saw significant changes to the company’s governance. Shareholders voted to adjust the number of Board of Directors members for the 2023-2028 term to five, electing two new members: Dang Nguyen Dang and Tran Xuan Truong. Additionally, the company's registered address will be changed to Riverfront Financial Centre, 3A-3B Ton Duc Thang Street, Sai Gon Ward, Ho Chi Minh City.

Other approved resolutions include the temporary postponement of the 2024 stock dividend payment until Q2 2026 and the removal of Vo Ngoc Phung from the Board of Directors and Nguyen Thi Xuan Thuy from the Supervisory Board, with Vuong Thi Thu Thuy elected as a new member of the Supervisory Board.