POS Sets October 13 Record Date for 15% Bonus Share Issuance

Overview

PTSC Operations and Construction JSC (UPCoM: POS) has fixed October 13, 2026 as the record date for a 15% bonus share issuance, with the ex-rights date set at October 12, 2026. The issue adds nearly 7 million shares, taking total shares outstanding from about 46 million to roughly 53 million. The move is a capital increase from owners’ equity rather than new cash, and it keeps parent company PTSC (HNX: PVS) firmly in control at 85%.

Key Facts

• Record date: October 13, 2026; ex-rights date: October 12, 2026.
• Issuance ratio of 20:3, equivalent to 15%; 20 shares held earn 3 new shares.
• Roughly 7 million bonus shares to be issued, funded from owners’ equity.
• Shares outstanding rise from approximately 46 million to approximately 53 million.
• Parent PTSC (HNX: PVS) holds more than 39 million POS shares, or 85% of charter capital.
• MBV (Vietnam Modern One-Member LLC Bank) holds nearly 3 million shares, or 6%, down from 8%.
• MBV sold 109,600 POS shares across three transactions in 2026: 76,300 on February 25, 28,300 on March 10 and 5,000 on May 21.
• H1 2026 audited results: revenue of VND 2,273 billion (2.5x year on year), gross profit of VND 92 billion (+67%) and after-tax profit of VND 63 billion (+69%).

What Happened

According to the company’s announcement, POS will issue bonus shares to existing shareholders at a ratio of 20:3, meaning each shareholder receives three new shares for every 20 held, a 15% entitlement. The record date is October 13, 2026, with shares trading ex-rights from October 12, 2026. The issuance is funded from owners’ equity, so it does not bring new capital into the company; it converts part of retained earnings or share premium into charter capital.

Shareholder structure is dominated by the parent. PTSC (HNX: PVS) owns more than 39 million POS shares, equal to 85% of charter capital, while MBV holds nearly 3 million shares, or 6%. MBV has reduced its position three times this year, selling 76,300 shares on February 25, 28,300 on March 10 and 5,000 on May 21, a combined 109,600 shares that cut its stake from 8% to 6%. The article states MBV described the sales as portfolio restructuring. POS reported average daily trading volume of about 34,869 shares since the start of the year, with the February 25 session seeing 119,600 shares matched worth roughly VND 2.1 billion.

Market Context

POS trades on UPCoM and closed at 14,900 on October 2, 2026. Liquidity is thin relative to listed peers, with average daily volume of roughly 35,000 shares, which means the bonus issue will mechanically lower the reference price on the ex-rights date without changing the company’s underlying value. Parent PVS closed at 34 on October 2, down 1.47% on volume of 2,516,100 shares on HNX. The bonus issue sits within a broader Vietnamese market pattern of equity-funded capital increases, which lift share counts without raising fresh cash.

Strategic Significance

The bonus issue is largely a technical event for existing holders: it increases the share count by 15% but does not change ownership percentages, so PVS remains at 85% and MBV at 6% on a pro-rata basis. The more relevant signal is the operating trajectory. H1 2026 revenue of VND 2,273 billion was 2.5 times the prior-year period, and after-tax profit of VND 63 billion rose 69%, driven by construction and operations work tied to Vietnam’s oil and gas services chain. For long-term investors, POS is a minority-float play on PTSC’s offshore and energy infrastructure pipeline, with the parent’s 85% holding limiting free float and index relevance.

What to Watch

• Confirmation of the official listing and first trading date for the approximately 7 million new shares on UPCoM.
• Any further MBV disposals that would reduce its 6% stake and alter the free float.
• Q3 2026 results, given H1 revenue of VND 2,273 billion and after-tax profit of VND 63 billion.
• Parent PVS disclosures on POS contract awards or backlog tied to offshore energy and infrastructure work.
• Trading liquidity around October 12 to 13, when the ex-rights adjustment takes effect.