AsemconnectVietnam - At the 2025 General Meeting of Shareholders, Global Pacific will submit to shareholders an adjustment to the investment plan for 4 oil/chemical tankers with a capacity of about 25,900 DWT with a decrease in investment and return on equity.

Global Pacific Shipping Joint Stock Company (code PCT) has just announced documents for the 2025 General Meeting of Shareholders to be held on March 24.
In 2025, PCT targets total revenue of VND810.55 billion, up 49% over the previous year, but after-tax profit of VND84.3 billion, down 4% compared to 2024.
According to PCT, entering 2025, the global economy will still face many challenges, but there have been positive signs of recovery. Global economic growth forecasts for 2025 are generally improved compared to 2024.
For the chemical tanker market, Clarksons Research forecasts that transportation demand will continue to grow in 2025, thanks to the development of the chemical industry, especially in the Asian region. The supply of new ships is expected to be limited due to increasingly stringent environmental regulations. This will contribute to supporting freight rates and creating favorable conditions for chemical transport businesses.
In the first two months of 2025, the shipping market witnessed significant fluctuations in freight rates, especially in the field of oil and chemical transportation due to geopolitical factors. In that situation, with a cautious direction and preserving the Company's capital, the Board of Directors respectfully submits to the General Meeting of Shareholders for consideration and approval of the adjustment of the Investment Plan to build 04 new oil/chemical tankers with a capacity of about 25,900 DWT.
In Resolution No. 03/2024/NQ-PCT-ĐHCĐ, PCT approved the investment plan for 4 oil/chemical tankers with an investment level of no more than 48,155,800 USD/ship with a return on equity (ROE) of 10.72%. However, in the new plan, the Company said that the investment level will not exceed 47,987,800 USD/ship and the expected ROE is 8.85%.
Regarding the 2024 dividend payment plan, PCT will submit to shareholders a plan to issue more than 5 million shares to pay a dividend of 10%. The total issuance value at par value is more than VND50 billion. The capital source is from after-tax profit after setting aside funds in 2024. After a successful issuance, PCT's charter capital will increase from VND500 billion to VND550 billion.
Regarding personnel, recently, the Board of Directors of PCT has received the resignation letter from Ms. Nguyen Thi Ngoc Dep as a member of the Board of Supervisors dated February 27, 2025. At the upcoming 2025 Annual General Meeting of Shareholders, PCT will present to shareholders the restructuring of the Board of Directors and the election of additional members of the Board of Supervisors for the 2023 - 2028 term.
N.Nga
Source: VITIC/Tinnhanhchungkhoan