Petec Binh Dinh Joint Stock Co
UUPCOM:GCB4,900.00
VND
-800.00
(-14.04%)
Petec Binh Dinh Joint Stock Co
UPCOM:GCB
(Unlisted Public Company Market)
Recent
price
4,900.00
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yld
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ROIC.AI
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- Business
- Petec Binh Dinh Joint Stock Company is a Vietnam-based commercial trading and distribution company primarily engaged in the wholesale and retail distribution of petroleum products, liquefied petroleum gas, and construction materials. The company operates across multiple core business segments, offering products and services that include motor gasoline, diesel fuel, fuel oil, lubricants, and greases; liquefied petroleum gas cylinders and bulk fuel for commercial and household consumption; basic construction materials such as cement, steel, and interior decoration supplies; chemicals, fertilizers, and agricultural-fishery operational supplies; sales of motor vehicles, transportation equipment, and automotive spare parts; and commercial logistics support, including warehouse leasing, storage yard operations, and commercial property rentals. Petec Binh Dinh distributes its petroleum and building supplies through an extensive proprietary network of petrol filling stations, franchised retail outlets, and authorized regional agent networks serving industrial clients, transportation operators, commercial entities, and retail consumers across Binh Dinh Province, adjacent coastal provinces, and the Central Highlands region of Vietnam, including Gia Lai, Kon Tum, and Phu Yen. Originally founded in 1989 as a state-owned petroleum enterprise, converted into a joint-stock company in 2001, and adopting its current name in 2007, the company is headquartered in Quy Nhon City, Binh Dinh Province, Vietnam, and trades on the UPCoM exchange under the ticker symbol GCB. In recent major corporate developments, the company transitioned from its historical corporate backing under PETEC Trading Investment Corporation following full equity divestment, shifting its shareholding base toward private investors. Furthermore, the company enacted strategic governance realignments and executive restructuring within its Board of Directors and general management, while optimizing its operational focus around higher-margin petroleum retail channels, revamping its gas station network infrastructure, and reallocating resources to enhance logistics efficiency and mitigate volatility in its construction materials distribution division.