Company Overview
In performing the mission of offering clean and environment-friendly fuel supply to industrial and urban zones across the country, PetroVietnam Low Pressure Gas Distribution Joint Stock Company (PV GAS D) was incorporated to respond to the increasing demands for natural gas in Vietnam. Basic Information of the Company:
Subsidiaries:
Vung Tau Low Pressure Gas Distribution Enterprise:
Branch of PetroVietnam Low Pressure Gas Distribution Joint Stock Company – Nhon Trach Low Pressure Gas Distribution Enterprise:
Branch of PetroVietnam Low Pressure Gas Distribution Joint Stock Company – Northern Low Pressure Gas Distribution Enterprise:
Production Support Team:
HISTORY OF FOUNDATION AND DEVELOPMENT
– PetroVietnam Low Pressure Gas Distribution Joint Stock Company (PV GAS D), formerly low pressure gas business Enterprise which was established in 2002, under PV GAS. On April 12th , 2007, PV GAS D was established pursuant to the Decision No. 1109/QD-DKVN of the Board of Directors of Vietnam Oil and Gas Group. PV GAS D operates pursuant to Business Registration Certificate No. 4103006815, issued by Ho Chi Minh City Department of Planning and Investment on May 23, 2007 with initial charter capital of VND 330.000.000.000 (Three hundred and thirty billion dong) based on capital contribution of following shareholders:
– December 19, 2008: Changed the founding shareholders for first time.
– October 14, 2009: Changed the founding shareholders for 2nd times:
– November 19, 2009:PV GAS D was authorized by Ho Chi Minh City Stock Exchange under the Decision on listing approval No. 145/QD-SGDHCM.
– On November 26, 2009, it was a memorable milestone when stock of PV GAS D was first listed on HCMC Stock Exchange (HOSE) with stock code of PGD. This was the clearest evidence for the development of PV GAS D.
– In 2010, PV GAS D issued 9.9 million additional shares to increase its charter capital from 330,000,000,000 VND (three hundred and thirty billion dong) to 429,000,000,000 VND (four hundred and twenty-nine billion dong).
– In Q4 of 2010, PetroVietnam Gas Joint Stock Corporation conducted the restructuring of its portfolio through an agreement on transfer of shares in PV GAS D from PetroVietnam Southern Gas Joint Stock Company and PetroVietnam Northern Gas Joint Stock Company, and matching orders for increasing its shareholding ratio in PV GAS D to 50.5% of its charter capital.
– In 2014, PV GAS D issued 17.1 million additional shares to increase its charter capital from 429 billion dong to 600 billion dong. In which, PetroVietnam Gas Joint Stock Corporation continued holding 50.5% of charter capital of PV GAS D.
– In 2015, PV GAS D issued 29,999,025 million additional shares to increase its charter capital from 600,000,000,000 dong to 899,990,250,000 dong. In which, PetroVietnam Gas Joint Stock Corporation continued holding 50.5% of charter capital of PV GAS D.
– On January 08, 2016, PV GAS D was authorized by Ho Chi Minh City Stock Exchange under Decision No. 10/QD-SGDHCM for additional listing of 29,999,025 PGD shares in the additional issue.
– On January 20, 2016, newly issued shares were officially traded at Ho Chi Minh City Stock Exchange.
– On July 25, 2017, Tokyo Gas Asia Pte., Ltd (a member of Tokyo Gas, Japan) completed the buy-in of 22,409,757 shares, equivalent to 24.9% of charter capital, and officially became a major shareholder of PV GAS D.
– In 2018, PV GAS D implemented the tasks of strategic cooperation with Tokyo Gas Asia, including the initiation of co-generating projects, execution of contracts with 10 new clients, including gas-in projects for 7 clients, and increase of the number of clients receiving gas to 94 clients.
– In 2019, PV GAS D increased the number of clients receiving gas to 101clients, signed gas sales contracts with 05 new clients, completed the investment in equipment system, and started the supply of gas to 07 new clients.
– On January 10, 2020, Saibu Gas Co., Ltd. completed the buy-in of 18,899,796 shares, equivalent to 21% of charter capital, and officially became a major shareholder of PV GAS D.
– In 2021, Tokyo Gas Asia completed the procedures for purchase of shares and increased its shareholding ratio PGD to 25%. Despite the impacts caused by Covid pandemic, total gas consumption exceeded the mark of 1 billion Sm3 for the first time, reaching 1,007.2 million Sm3, with revenue of 8,996.1 billion dong, up by 8.4% over the plan.
– The year 2022 marks a great milestone in the history of 15 years of incorporation and development of PV GAS D, as this is the first year that the Business Strategy to 2015 with vision toward 2035 has been carried out while the targets set out in the Strategy have been achieved amidst multi-facet fluctuations of the global economy. This is the first time that revenue has been recorded to exceed the mark of 10,000 billion dong per year.
– On August 29, 2023, Ho Chi Minh City Stock Exchange (HOSE) issued Notice No. 1446/TB-SGDHCM that PV GAS D additionally listed 9 million shares at par value of 10,000 dong/share and increased its total outstanding shares to nearly 99 million shares, corresponding to an equivalent increase in charter capital of 989.98 million dong.
– After nearly 16 years of incorporation and development, the operating results of PV GAS D grow at a stable and sustainable rate over the years with an annual contribution of over 100 billion dong to the State Budget, and positively contributing to the cause of industrialization and modernization of the country.
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OUTSTANDING ACHIEVEMENTS