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Global Pacific Shipping to issue new shares to professional investors for debt repayment

December 15, 2025 at 06:01 PM UTCBy FilingReader AI

Global Pacific Shipping JSC (HNX:PCT) announced a plan to privately offer 30,000,000 common shares to professional investors to repay bank debt. The issuance, approved by the board of directors on December 12, 2025, represents 59.96% of the company's outstanding shares. The offering price is set at VND 10,000 per share, aiming to raise VND 300,000,000,000. The funds will be primarily used to settle loans from Military Commercial Joint Stock Bank – Dong Ho Ho Chi Minh City Branch and Orient Commercial Joint Stock Bank – Tan Binh Branch.

The shares will be restricted from transfer for one year after the offering's completion, except for transfers among professional investors, court orders, arbitration decisions, or inheritance. The company will register and list all successfully offered shares on the Vietnam Securities Depository and Clearing Corporation and the Hanoi Stock Exchange.

The board of directors has identified four domestic professional investors to participate in the offering, based on criteria including financial capacity and ability to support the company's business operations. These investors include Tran Thi Thu Ha, Tran Vong Phuc, Luong Dieu Linh, and Vu Thi Thanh Thanh.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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