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Wednesday, October 5, 2022

Gilimex director resigns

The Saigon Times

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HCMC – Pham Van Tau has tendered his resignation as director at Binh Thanh Import-Export Production and Trade JSC, or Gilimex, for personal reasons.

His letter of resignation was sent to Gilimex on September 9 and was approved by the board of directors on September 14, according to an announcement issued by the apparel firm, which trades its GIL shares on the Hochiminh Stock Exchange.

Tau, aged 45, was appointed to the post in November 2020. He is holding a 0.15% stake in GIL, the local media reported.

Gilimex picked Pham Thi Nguyen Anh as new director of the firm for a five-year term, with effect from September 14, replacing Tau.

Gilimex had earlier passed a plan to develop the Gilimex-Vinh Long industrial park project in Vinh Long Province’s Binh Tan District.

In the first half of this year, the firm posted about VND2.7 trillion in net revenue, up 27% year-on-year. In 2022, Gilimex targets VND4 trillion in revenue and VND250 billion in after-tax profit.

GIL continued its downward spiral to close the session today, September 15, down 1.1%.

On the HCMC bourse, the VN-Index improved 4.89 points, or 0.39%, from the session earlier, at 1,245.66, with 197 winners and 237 losers.

Over 429 million shares worth VND11.3 trillion changed hands, down 30% in volume and 21% in value, against the previous session.

Many large-cap stocks gained and became main drivers of the index. Property developer NVL and rubber group GVR jumped by over 2%. Electricity firm POW was in positive territory and took the lead by liquidity on bourse with over 26.9 million shares changing hands.

The HNX-Index of the Hanoi Stock Exchange added 0.27 points, or 0.1%, from the session earlier, at 279.69, ending its three-session falling streak.

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