Ho Chi Minh City Stock Exchange (HoSE) has just issued a document reminding about the delay in announcing information on the board of directors' resolution for PetroVietnam Gas Corporation - JSC (PV Gas, code: GAS).

Through reviewing PV Gas's 2024 corporate governance report, HoSE said that the company has not yet announced Board of Directors Resolution No. 1/NQ-KVN dated January 22, 2024 on the 2024 plan.

Pursuant to Point e, Clause 1, Article 11 of Circular 96/2020/TT-BTC dated November 16, 2020 of the Ministry of Finance guiding information disclosure on the stock market, PV Gas has not yet fulfilled its obligation to disclose information on the above resolution as prescribed.

PV gas.jpg
PV Gas was warned for being slow in disclosing information. Photo: PV Gas

Therefore, to ensure shareholders' rights, HoSE reminds PV Gas to seriously fulfill its information disclosure obligations and requests the company to make additional announcements of the above resolution.

PetroVietnam Gas Joint Stock Corporation, formerly PetroVietnam Gas Joint Stock Corporation - LLC, is a subsidiary of PetroVietnam Oil and Gas Group, established in 2007. The enterprise officially switched to operating as a joint stock company, with the name PetroVietnam Gas Joint Stock Corporation (PV GAS) on May 16, 2011.

The main business lines of PV Gas and its subsidiaries include collecting, transporting, storing gas and gas products; producing gas, distributing pipeline gas fuel.

Regarding business performance, according to the 2024 annual report, PV Gas achieved revenue of more than VND 105,000 billion, an increase of 15% compared to the previous year. In 2024, PV Gas's pre-tax profit reached VND 13,172 billion, and its after-tax profit was VND 10,590 billion, a decrease of about 10% compared to 2023.

PV GAS exceeds many production and business targets PetroVietnam Gas Corporation (PV GAS) is expected to fully complete and exceed its 2024 production and business plan targets, setting many records and historical milestones.