PC1 Sets 15% Stock Dividend Record Date for November 5, 2026

Overview

PC1 Group (HOSE: PC1) has set November 5, 2026 as the record date for its 2025 stock dividend, issuing more than 61.69 million shares at a 15% ratio. The issuance is drawn from retained earnings and lifts charter capital from roughly VND 4,113B to about VND 4,730B, with CII-linked shareholders positioned to receive the largest single block of new shares.

Key Facts

• Record date for the 2025 stock dividend: November 5, 2026, per the company announcement.
• Dividend ratio of 15%, meaning 100 existing shares receive 15 new shares.
• More than 61.69 million new shares to be issued, valued at nearly VND 617B.
• Funding source: undistributed after-tax profit; charter capital rises from about VND 4,113B to roughly VND 4,730B.
• CII Invest holds 33.23 million PC1 shares (8.08%); the wider CII group holds about 58.45 million shares, or 14.21% of charter capital.
• CII-linked holders are set to receive roughly 8.77 million new shares, of which CII Invest alone would take nearly 4.98 million, assuming no change in ownership at the record date.
• Chairman Trịnh Khánh Linh holds 4 million shares and would receive 600,000 new shares; former Chairman Trịnh Văn Tuấn holds nearly 87.94 million shares and could receive about 13.19 million.

What Happened

PC1 Group (CTCP Tập đoàn PC1) issued a notice setting November 5, 2026 as the final registration date for shareholders to be recorded for the 2025 stock dividend. Under the plan, the company will issue more than 61.69 million shares at a 15% ratio, with the total value of nearly VND 617B taken from undistributed after-tax profit. Following the issuance, charter capital is expected to rise from close to VND 4,113B to approximately VND 4,730B. The details were disclosed in a company announcement rather than a regulatory filing summary.

The notice also details the ownership blocks that will absorb the new shares. CII Invest, the investment arm of CTCP Đầu tư Hạ tầng Kỹ thuật TP.HCM (HOSE: CII), holds 33.23 million PC1 shares, equal to 8.08% of capital. Including related parties, the CII group holds about 58.45 million shares, or 14.21%, and would receive roughly 8.77 million new shares, with CII Invest taking nearly 4.98 million if its stake is unchanged at the record date. Chairman Trịnh Khánh Linh, who has led the board since July 2026, holds 4 million shares and would receive 600,000 new shares, while former Chairman Trịnh Văn Tuấn holds nearly 87.94 million shares and could receive about 13.19 million.

Market Context

PC1 closed at VND 18,550 on October 19, 2026, while CII closed at VND 12,950 on the same date. PC1 trades on HOSE within the construction and materials sector, with operations spanning electrical construction, industrial manufacturing, energy, mining and industrial park real estate. The stock dividend follows a mixed first half of 2026: net revenue of VND 4,206B fell 12.3% year on year, while after-tax profit reached nearly VND 478B, up 54.2%. Mirae Asset forecasts full-year 2026 revenue of VND 11,187B and after-tax profit of VND 1,109B, down 14.5% and 18.2% respectively, though it views the medium-term outlook positively on grid investment demand, new hydropower projects and industrial park real estate.

Strategic Significance

For long-term holders, the 15% bonus issue is primarily a capital-structure event rather than a change in underlying value: it converts retained earnings into permanent equity and broadens the share count without cash leaving the company. The more consequential detail is the CII relationship. With the CII group at 14.21% and set to receive roughly 8.77 million new shares, the cross-shareholding between the two infrastructure groups remains a structural feature of PC1’s register, tying part of its ownership base to CII’s own balance sheet and capital allocation decisions. The issuance also raises the share count by about 15%, which will mechanically adjust per-share metrics such as EPS and book value per share unless earnings grow in step.

What to Watch

• The official issuance and listing timetable for the 61.69 million new shares after the November 5, 2026 record date.
• Any change in the CII group’s ownership percentage following the issuance, which would signal buying or selling around the event.
• PC1’s full-year 2026 results against the Mirae Asset forecast of VND 11,187B revenue and VND 1,109B after-tax profit.
• Progress on grid investment demand, new hydropower projects and industrial park leasing that underpin the medium-term thesis.
• Disclosure of the ex-dividend date and any subsequent shareholder resolutions on capital deployment.