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Friday, May 20, 2022

Thuduc House has new chairman

The Saigon Times

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HCMC – Duong Ngoc Hai has been named as new chairman of Thuduc Housing Development Corporation (Thuduc House), which is listed on the Hochiminh Stock Exchange under the code TDH, from March 22.

Hai replaced Lu Minh Son, who resigned on March 14.

Hai, born in 1983, graduated from the United States’ San Diego State University and has worked in the finance and real estate sectors since 2005.

He was a member of the director board of Binh Duong Mineral and Construction JSC from 2016 to 2020 before becoming vice chairman of Thuduc House from December last year.

The leadership of the company has changed repeatedly over a short period of time. Before Son’s resignation, Le Chi Hieu resigned on February 8.

As for Thuduc House’s performance, it earned VND16.39 billion in revenue in 2021, plunging 98% year-on-year, and minus VND715.2 billion in after-tax profit. Therefore, its consolidated loss was VND611.5 billion as of December 31, 2021, equal to 54.3% of its charter capital.

Today, March 25, TDH rose 6.81% at VND12,550.

On the southern bourse as a whole, the VN-Index edged up 0.24 points, or 0.02%, at 1,498.5 points.

Nearly 769 million shares worth over VND24.5 trillion were traded. Block deals contributed nearly VND1.9 trillion to the total value.

Meanwhile, the HNX-Index lost 1.05 points, or 0.23%, at 461.75 points as the selling pressure hit blue-chip stocks at the end of the session.

The northern bourse saw more than 127 million shares worth over VND3.6 trillion changing hands.

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