The share price of SHS closed at 17,300 VND/share on February 23. It has remained relatively stable over the past month. Based on this price, Mr. Do Quang Vinh would need to spend approximately 86.5 billion VND to purchase all the registered shares.
Mr. Do Quang Vinh – Chairman of the SHS Board of Directors
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Mr. Do Quang Vinh is the son of businessman Do Quang Hien, also known as “Bau Hien,” who is the Chairman of the Saigon – Hanoi Commercial Joint Stock Bank (SHB).
In addition to his current position at SHS, Mr. Vinh also serves as Deputy Chairman of the Board of Directors and Deputy General Director of SHB; Chairman of the Board of Directors of Saigon – Hanoi Insurance Joint Stock Corporation; Chairman of the Board of Directors of BVIM Fund Management Joint Stock Company; and Director of International Financial Investment of T&T Corporation.
Prior to this, Mr. Le Dang Khoa, a member of the SHS Board of Directors, registered to sell all 531,250 SHS shares he held, equivalent to 0.065% of the capital, from February 1 to March 1, 2024. The purpose of the transaction is to meet personal financial needs.
On January 18, another member of the Board of Directors, Ms. Nguyen Dieu Trinh, completed the sale of 337,500 SHS shares as registered, reducing her ownership ratio from 0.04% to 0% and is no longer a shareholder of SHS.
Mr. Vu Duc Tien (left) and Mr. Nguyen Chi Thanh – New General Director of SHS
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In terms of personnel, in early February 2024, SHS appointed Mr. Nguyen Chi Thanh as the General Director and Legal Representative, replacing Mr. Vu Duc Tien, who resigned due to health reasons. Despite stepping down as CEO, Mr. Tien remains a member of the SHS Board of Directors for the 2022-2027 term.
Currently, the SHS management board consists of General Director Nguyen Chi Thanh and 2 Deputy General Directors, Mr. Tran Sy Tien and Ms. Tran Thi Thu Thanh. The Board of Directors has 5 members, including Chairman Do Quang Vinh and members Mr. Vu Duc Tien, Mr. Le Dang Khoa, Ms. Nguyen Dieu Trinh, and Mr. Luu Danh Duc.
Mr. Vu Duc Tien requests leave for medical treatment, SHS appoints new General Director
In terms of business performance, by the end of 2023, SHS achieved a revenue of 1,460 billion VND, a 5% decrease compared to 2022. However, its pre-tax profit increased significantly by 247% to over 684 billion VND. Nevertheless, the company was unable to meet its target of earning over 1,100 billion VND for 2023.
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