On May 3, Hai Phat Investment Joint Stock Company (code HPX – HoSE floor) announced a change in the position of General Director for the 2024-2029 term when it dismissed Mr. Doan Hoa Thuan and appointed Mr. Nguyen Van Phuong.
Previously, Mr. Doan Hoa Thuan had resigned due to differences in management and operation views with the Company, so he could not continue to carry out and participate in the work of the General Director.
Mr. Doan Hoa Thuan has been the General Director of Hai Phat since 2018
According to the research, Mr. Doan Hoa Thuan was born in 1975 and has been associated with Hai Phat since 2017 with the position of Deputy General Director. In July 2018, he was appointed to the position of General Director for the 2018 – 2023 term and on July 24, 2023, Mr. Thuan was reappointed to the position of General Director.
In contrast, the new Director General is Mr. Nguyen Van Phuong, born in 1979, and is currently the Vice Chairman of the Board of Directors of Hai Phat Investment. At the time of his appointment, Mr. Phuong owned 608,337 HPX shares, equivalent to 0.20%.
In addition, Mr. Phuong is also the Chairman of the Board of Directors of Hai Phat Kinh Bac Joint Stock Company, Construction Corporation of Transport Works 5 – Joint Stock Company, OPAL Vietnam Architectural and Planning Consulting Joint Stock Company; Chairman of the Board of Directors of Hospitality Nha Trang Limited Liability Company and Standing Vice Chairman of the Board of Directors and General Director of Hai Phat Capital Investment Joint Stock Company.
Recently, Hai Phat has continuously had changes in high-level personnel. Specifically, on April 19, Hai Phat Investment received a letter of resignation from the members of the Board of Directors, Mr. Vu Hong Son, member of the Board of Directors, Mr. La Quoc Dat, and Head of the Supervisory Board, Mr. Bui Duc Tue.
The reason for the resignation of the three leaders of Hai Phat Investment is that they are busy with personal work and cannot hold their positions.
In particular, Mr. Vu Hong Son is a member of the Toan Tin Phat Investment Joint Stock Company group of shareholders. He was elected to the position of a member of the Board of Directors of Hai Phat Investment from October 21, 2023 after the group bought in and raised its ownership to 16.54% of charter capital at Hai Phat Investment on September 14, 2023.
At the 2024 Annual General Meeting of Shareholders held on April 26, HPX shareholders elected two more members to the Board of Directors for the 2023-2028 term: Mr. Le Thanh Hai (currently Deputy General Director) and Mr. Le Quang Vinh. At the same time, Mr. Le Manh Hung was elected to the Supervisory Board.
Earlier, Hai Phat had a change in shareholder structure when a group of shareholders related to Toan Tin Phat Investment Joint Stock Company suddenly announced that it had sold more than 35.1 million HPX shares on April 1, 2024. As a result, this group reduced its ownership from 16.54% to 4.997% and officially became no longer a major shareholder of Hai Phat.
In terms of business activities, in the first quarter of 2024, Hai Phat recorded revenue of 324 billion VND, 2.2 times higher than the same period. Gross profit increased by 320% to VND 69 billion. Besides, financial revenue also increased 3 times over the same period to VND 2.5 billion.
Despite the high increase in all kinds of expenses, HPX reported a net profit of VND 15.7 billion compared to a loss of VND 26.19 billion in the same period.
In 2024, Hai Phat set a revenue target of VND 2,800 billion, up 66.7% over the same period, after-tax profit of VND 105 billion, down 22.2% compared to the implementation in 2023 and expected dividend yield of 5%. Thus, at the end of the first quarter, Hai Phat has completed 15% of the profit target for the whole year.
