•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Dragon Capital reported that it sold 200,000 PV Drilling shares in the session on April 10. The shares were sold by the member fund Hanoi Investments Holdings Limited.
Following the transaction, the group’s ownership fell to 27.6 million shares, equivalent to 4.97% of PV Drilling’s charter capital, meaning it no longer holds large shareholder status in the company.
At the close on April 10, PV Drilling’s stock traded at 32,850 VND per share. Based on the transaction, it is estimated that Dragon Capital earned about 6.6 billion VND from the sale.
Dragon Capital had recently become a large shareholder in PV Drilling after two member funds bought a total of more than 1.2 million PV Drilling shares on March 24. Specifically, Hanoi Investments Holdings Limited bought more than 1 million shares, while Samsung Vietnam Securities Master Investment Trust [Equity] bought 178,000 shares.
Separately, PV Drilling announced it will hold its 2026 annual general meeting on the morning of April 21 in Ho Chi Minh City.
In the disclosed documents, PV Drilling set a cautious 2026 business plan with total consolidated revenue of 11,185 billion VND. After-tax profit is targeted at 800 billion VND, down 23% year-on-year.
The plan is based on assumptions including five rigs in operation throughout the period. PV Drilling IX is expected to commence operations in Q2 2026, with an average daily charter rate of 90,000 USD. The company also plans to maintain one TAD rig operating in Brunei and operate two charter rigs.
For 2026, total investment is expected to reach about 4,229 billion VND, mainly continuing projects from 2025. These include adding a multifunction jack-up rig, purchasing a well-workover equipment cluster (HWU), and buying back contributed capital from the BCC parties.
To balance capital and cash flow, PV Drilling plans not to pay a dividend for 2025. Profits of more than 708 billion VND will be retained. For 2026 dividends, PV Drilling said it will consider proposing a dividend at the 2027 AGM, depending on business results, investment needs and cash flow.
A notable agenda item at the upcoming AGM is a capital increase. PV Drilling plans to issue nearly 371.9 million new shares with a ratio of 66.9%—meaning a holder of 1,000 shares will receive 669 new shares.
The share issue will be freely transferable. Implementation is expected in 2026, after approval by the State Securities Commission. If completed, PV Drilling’s charter capital is expected to rise from 5,563 billion VND to nearly 9,282 billion VND.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
