Three new shareholders now own 40 percent of PGBank's charter capital.

DNHN - At an auction in April 2023, the three companies acquired a total of 120 million PGBank shares, or 40% of the bank's charter capital, with a total value of nearly 2,568 billion VND.

Petrolimex Petroleum Commercial Joint Stock Bank (PGBank - UPCoM: PGB) announced on September 11 that it had become a major shareholder in three companies: Gia Linh Import-Export and Trade Development Company Limited, Cuong Phat International Joint Stock Company, and Vu Anh Duc Trading Joint Stock Company. Specifically, Gia Linh Import-Export and Trade Development Company Limited acquired 39.3 million PGB shares or 13.099% of PGBank's voting shares.

The transfer of 40,6 million PGB shares to Cuong Phat International Joint Stock Company represents 13.541% of PGBank's charter capital.

The transfer of 40 million PGB shares to Vu Anh Duc Trading Joint Stock Company represents 13.359% of PGBank's charter capital.

This transaction occurred on August 31, 2023. At an auction in April 2023, the three companies acquired a total of 120 million PGBank shares, or 40% of the bank's charter capital, with a total value of nearly 2,568 billion VND.

Previously, on August 28, the State Bank (SBV) approved this transaction and required these three companies to comply with legal regulations on ownership of shares at PGBank and not to contribute capital or Buy shares of PGBank under the name of another individual or legal entity, except in cases of legal entrustment.

Those entrusted with investing on behalf of other organizations or individuals must also disclose the true owner of the shares they are purchasing.

In 2023, PGBank will hold an extraordinary General Meeting of Shareholders to discuss personnel changes in the Board of Directors, and Supervisory Board, restructuring the name and location of the bank's headquarters, as well as methods of restructuring project to handle bad debts in the period 2021-2025 and increase charter capital.

Nearly 155 million PGB shares, representing 51% of PGBank's charter capital, changed hands on July 11 during a trading session with record liquidity. The total value of transactions reached 3,274 billion VND or an average price of 21,000 VND per share.

P.V (t/h)