Petrosetco Issues Over 48 Million Shares, Charter Capital Approaches 1,554 Billion VND
In a significant move that could signal preparation for substantial growth in the coming years, Petrosetco (PET) has officially set July 10, 2026, as the record date for the simultaneous implementation of two shareholder rights: dividend payments in shares and bonus share issuance from equity capital. The total number of shares to be issued exceeds 48 million units, which will significantly increase the company's charter capital from over 1,073 billion VND to nearly 1,554 billion VND.
Details of the Stock Issuance
The issuance consists of two components: dividend shares and bonus shares. According to Petrosetco's announcement, the company will issue more than 5.3 million dividend shares for the 2025 fiscal year at a ratio of 20:1 (existing shareholders receive 1 new share for every 20 shares held). The issuance value at par value reaches approximately 53.4 billion VND, sourced from undistributed after-tax profits as audited in the 2025 financial statements.
Concurrently, Petrosetco will issue nearly 42.7 million bonus shares to existing shareholders at a ratio of 5:2 (shareholders receive 2 new shares for every 5 shares held). The total issuance value at par value is approximately 427 billion VND, utilizing the capital surplus and investment development fund.
| Indicator | Value |
|---|---|
| Dividend shares | Over 5.3 million shares |
| Dividend ratio | 20:1 |
| Bonus shares | Nearly 42.7 million shares |
| Bonus ratio | 5:2 |
| Total shares issued | Over 48 million shares |
| Charter capital before issuance | Over 1,073 billion VND |
| Charter capital after issuance | Nearly 1,554 billion VND |
Impact on Major Shareholders
The two largest shareholders of Petrosetco will significantly increase their ownership percentages. Based on their current holdings, HD Capital is expected to receive approximately 8 million new shares, while VietinBank Capital will receive over 6 million shares.
Notably, VietinBank Capital only became a major shareholder of Petrosetco following a transaction on June 4, 2026, when it successfully purchased 9.35 million PET shares, increasing its ownership stake from 4.69% to 13.45% of the charter capital. This transaction is considered one of the notable moves in the market, as a large investment fund increased its presence in a company with operations in oilfield services, technology distribution, and logistics.
Market Performance
Investor interest in Petrosetco is reflected in the stock's performance. At the close of trading on June 30, 2026, PET shares increased by over 2% to 55,800 VND per share, bringing Petrosetco's market capitalization to approximately 5,955 billion VND.
| Market Indicator | Value |
|---|---|
| Closing price on June 30, 2026 | 55,800 VND per share |
| Increase during the session | Over 2% |
| Market capitalization | Approximately 5,955 billion VND |
| Ex-rights trading date | July 9, 2026 |
| Record date | July 10, 2026 |
Strategic Implications
The simultaneous implementation of dividend payments in shares and bonus share issuance does not immediately change the asset value of shareholders but helps the company increase its equity capital scale, improve financial capacity, and create a foundation for investment and operational expansion in the next phase. In the context of Petrosetco gradually expanding into infrastructure and real estate sectors after its restructuring process, the increase in charter capital can provide additional room for the company to implement long-term development strategies and enhance its competitive position in the market.
As Petrosetco continues to diversify its business portfolio beyond its traditional oilfield services, the additional capital from this stock issuance could be strategically deployed to accelerate growth in these new sectors. The company's expansion into infrastructure and real estate represents a significant strategic shift, and the increased capital base will provide the financial flexibility needed to pursue these opportunities.
Conclusion
Petrosetco's decision to issue over 48 million shares represents more than just a routine dividend distribution. The substantial increase in charter capital, coupled with the recent acquisition by VietinBank Capital, suggests that the company is positioning itself for accelerated growth in the coming years. As Petrosetco diversifies its business and expands into new sectors, the additional capital will provide the necessary resources to support these strategic initiatives while maintaining financial stability.
Market participants will be closely watching how Petrosetco utilizes this capital infusion and whether the company can successfully execute its long-term growth strategy in an increasingly competitive business environment.