CII Group Raises PC1 Stake to 12.08%, Holding Over VND 1,000 Billion

Overview

CII Group, through its subsidiary CII Trading and Investment Co., Ltd., has raised its stake in PC1 Group (HOSE: PC1) to 12.08%, acquiring an additional 494,600 shares on August 13, 2026. The group now holds nearly 49.7 million shares, valued at over VND 1,000 billion based on the August 14 closing price of VND 20,500 per share. This stake increase comes amid PC1’s strong profit growth and recent leadership changes.

Key Facts

• CII Trading and Investment Co., Ltd. purchased 494,600 PC1 shares on August 13, 2026, raising its ownership to 6.48% (nearly 26.6 million shares).
• Parent company CII Infrastructure Investment JSC (HOSE: CII) holds over 23 million PC1 shares, bringing the CII group’s total to 12.08% (nearly 49.7 million shares).
• The CII group’s stake is worth over VND 1,000 billion at PC1’s closing price of VND 20,500 on August 14, 2026.
• In early July 2026, VietinBank Capital bought 14.1 million PC1 shares, raising its stake to 7.54% and becoming a major shareholder.
• PC1’s H1 2026 revenue reached VND 4,206 billion, down 12% year-on-year, but net profit surged 63% to VND 505 billion.
• At an extraordinary general meeting on July 24, 2026, PC1 elected four new board members, including Trịnh Khánh Linh (born 1999), who was subsequently appointed Chairwoman.
• Former Chairman Trịnh Văn Tuấn and three other board members were removed following criminal charges filed by the Ministry of Public Security.

What Happened

CII Group has been steadily increasing its presence in PC1, a construction and energy company listed on HOSE. The latest transaction, executed on August 13, 2026, involved CII Trading and Investment Co., Ltd. buying 494,600 shares, lifting its direct stake to 6.48%. Combined with the parent company’s holdings, the CII group now controls 12.08% of PC1’s charter capital.

This accumulation follows VietinBank Capital’s purchase of 14.1 million shares in early July, which made it a major shareholder with a 7.54% stake. The moves suggest growing institutional interest in PC1, which is undergoing a leadership transition. At the extraordinary general meeting on July 24, 2026, shareholders approved the appointment of four new board members, including Trịnh Khánh Linh, the 26-year-old daughter of former Chairman Trịnh Văn Tuấn, who was elected Chairwoman. The previous chairman and three other board members were removed after being indicted by the Ministry of Public Security.

Market Context

PC1’s stock closed at VND 20,500 on August 14, 2026, giving the CII group’s stake a market value exceeding VND 1,000 billion. The stock’s performance reflects investor confidence in PC1’s turnaround: despite a 12% drop in H1 2026 revenue to VND 4,206 billion, net profit jumped 63% to VND 505 billion, indicating improved margins and cost control. CII shares closed at VND 13,950 on August 16, 2026. The infrastructure and energy sectors in Vietnam remain attractive to institutional investors, and PC1’s recent profit growth and strategic positioning appear to be drawing increased attention.

Strategic Significance

For long-term investors, the CII group’s increased stake signals a strategic alignment between two major Vietnamese infrastructure players. CII, a leading investor in transport infrastructure, may be positioning to leverage PC1’s construction and energy capabilities for future projects. The entry of VietinBank Capital as a major shareholder adds further institutional backing. PC1’s leadership change, with the founder’s daughter taking the helm, could bring fresh direction while maintaining family control. The company’s robust profit growth despite revenue decline suggests operational efficiency improvements, which could support sustained shareholder value. The combined interest of CII and VietinBank Capital may also enhance corporate governance and strategic oversight.

What to Watch

• PC1’s Q3 2026 earnings report, due in October, to see if profit growth continues.
• Any further stake increases by CII Group or VietinBank Capital, which could signal a takeover approach or strategic partnership.
• PC1’s project pipeline and new contracts, especially in energy and infrastructure, to assess revenue recovery.
• Regulatory developments related to the criminal charges against former board members and their impact on company operations.
• PC1’s dividend policy and any capital raising plans, given the new board’s strategic direction.