Petrolimex increases stake in subsidiary, consolidates control

Vietnam National Petroleum Group (Petrolimex) announced the completion of a significant share transfer in its subsidiary, Petrolimex Hanoi Transportation and Trading Joint Stock Company (PJC). On November 21, 2025, Petrolimex acquired 3,741,326 shares of PJC through a merger agreement. The transaction, valued at VND 37,413,260,000, was executed outside the stock exchange system via VSDC.

Following this transaction, Petrolimex's ownership in PJC now stands at 3,741,326 shares, representing a 51.06% stake. This move consolidates Petrolimex's control over its subsidiary, a key player in the transportation and trading of petroleum products.

Several key personnel within PJC hold smaller stakes, including Mr. Bui Van Thanh, chairman of the board (32,062 shares, 0.049%); Mr. Pham Quoc Hung, board member and company director (25,312 shares, 0.345%); Mrs. Nguyen Thanh Hang, board member and deputy director (143,187 shares, 0.2%); and Mr. Mai Ngoc Du, board member (1,000 shares, 0.01%). Mr. Hoang Van Binh, also a board member, currently holds no shares.