AsemconnectVietnam - Long Son Oil and Gas Industrial Park Investment Joint Stock Company (Long Son PIC, ticker PXL - UPCoM) has announced the documents for its 2026 Annual General Meeting of Shareholders, scheduled to be held on May 27th in Ho Chi Minh City.

In 2026, Long Son PIC plans for total revenue of VND113.53 billion, an 84% increase year-on-year; after-tax profit is expected to be VND1.26 billion, a 13% increase year-on-year. Sales are projected to increase significantly due to sales and revenue recognition from the transfer of apartments in the SwanBay project.
Regarding business orientation, Long Son PIC identifies 2026 as a pivotal year, transitioning from the investment preparation phase to the implementation phase of the Long Son Oil and Gas Industrial Park project. The completion of the capital increase in 2025 has created a solid financial foundation, enabling Long Son PIC to move into the project implementation phase with faster progress.
It is known that in February 2025, Long Son PIC distributed all 93.4 million shares in a private placement to Gelex Infrastructure Joint Stock Company (GEL – HOSE) at an offering price of VND10,000 per share, thereby raising over VND934.2 billion to increase its charter capital from VND827.2 billion to over VND1,761.4 billion.
Regarding dividends, Long Son PIC proposed to shareholders that no dividends be paid in 2025 and that the same be continued in 2026.
Finally, regarding personnel, Long Son PIC proposed to shareholders the dismissal of Mr. Bui Le Cao Ke and Mr. Vu Hoang Long from the Board of Directors for the 2022-2027 term. Conversely, it is expected that two additional members will be elected (candidate information has not yet been announced).
According to our research, established in 2007, Long Son PIC was expected to be the investor of the Long Son Oil and Gas Industrial Park Project (initially 1,250 hectares). Later, the project was adjusted down to 850 hectares, with a total investment of VND11,759 billion in Phase I and planned for implementation starting in 2026.
N.Nga
Source: VITIC/Tinnhanhchungkhoan