HÀ NỘI — VietinBank Capital has become a major shareholder of Petrosetco after significantly increasing its stake in the petroleum services distributor through a large block transaction.

According to disclosure information, VietinBank Capital, the fund management arm of VietinBank, purchased 9.35 million shares of PetroVietnam General Services Corporation (Petrosetco) on June 4, raising its ownership from 4.69 per cent to 13.45 per cent of the company's charter capital.

Following the transaction, VietinBank Capital officially joined the list of major shareholders at Petrosetco.

Data from the Hochiminh Stock Exchange (HoSE) showed that Petrosetco recorded a negotiated transaction involving exactly 9.35 million PET shares on the same day. The deal was valued at VNĐ495.55 billion (US$18.8 million), implying an average transaction price of approximately VNĐ53,000 per share.

As of March 31, Petrosetco had only one major shareholder, HD Fund Management JSC, which held 16.7 per cent of the company's charter capital.

Petrosetco has recently approved plans to implement a stock dividend and a bonus share issuance to increase its charter capital. 

According to the approved plan, the company will issue more than 5.3 million shares to pay the 2025 dividend at a ratio of 20:1, meaning shareholders owning 20 shares will receive one additional share.

The company also plans to issue nearly 42.7 million bonus shares to existing shareholders at a ratio of 5:2.

In the first quarter, Petrosetco reported strong growth. Net revenue reached VNĐ6.1 trillion, up 52.6 per cent from last year, while profit after tax rose 125.5 per cent to VNĐ100.8 billion.

The company set a profit after tax of VNĐ318.4 billion for 2026. After the first quarter, the company had completed 31.7 per cent of its full-year target. — BIZHUB