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Tuesday, July 16, 2024

TVB shakes up leadership after shareholders meeting

The Saigon Times

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HCMC – Tri Viet Securities Corporation (TVB) at its annual general meeting on June 25 decided to appoint and relieve some persons to/from the posts in the company’s board of directors and board of supervisors.

The securities company relieved board members Nguyen Tien Son, Do Duc Nam, and Do Thanh Ha.

Among them, Nam was removed from his post as he failed to meet the standards and requirements stipulated in the Enterprise Law. Nam is under police custody, charged with allegedly stock market manipulation and illegal gains of hundreds of billions of dong.

Ha was relieved of duty upon his resignation request due to personal reasons. As for Son, why he was removed from the post remains unknown.

Despite having planned to leave the board previously, Ha early this month registered to buy one million TVB shares between June 15 and July 14 to raise his ownership in the firm to 1.6 million shares, or a 1.44% stake.

Aside from relieving the three individuals from their posts, TVB passed a plan to assign Phan Le Thanh Long and Pham Van Khiem to serve as independent board members in the 2022-2026 tenure.

Long was a TVB board member in the 2018-2022 tenure, while Khiem has yet to hold any post in the firm.

TVB also relieved Pham Duc Minh from his post of member of the board of supervisors and appointed Duong Huong Lan to take over this post.

On the stock market, TVB rose 1.65% against the previous session to close at VND7,400 per share today, June 28.

As for the benchmark VN-Index of the HCMC bourse, it added 15.28 points, or 1.27% over the session earlier at 1,218.1, with 326 advancers and 136 decliners. Trade on the bourse inched up 12% in volume and 16% in value against the previous session at over 588 million shares and over VND14 trillion.

The HNX-Index on the northern bourse improved 1.23% to end at 283.87 points, seeing 130 stocks rising and 66 others falling.

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