The CMC Technology Group has announced the resignation of Mr. Kim Yung Wuk, a member of the Board of Directors for the 2021-2026 term. Mr. Wuk has cited his new position as the reason for stepping down from the CMG Board.
Prior to this, CMG also received the resignation of Mr. Nguyen Minh Tue, a member of the Supervisory Board.
The resignations of Mr. Wuk and Mr. Tue come as CMG prepares to hold its 2024 Annual General Meeting of Shareholders (AGM) on July 25, where their departures will be officially approved and replacements elected to serve the remainder of the 2021-2026 term.
Mr. Kim Yung Wuk (born February 12, 1972, South Korean nationality) was elected to the Board of Directors on July 15, 2020, upon the nomination of CMG’s major shareholder, Samsung SDS Asia Pacific Pte Ltd (Samsung SDS) – a subsidiary of the Samsung Group. Mr. Wuk also served as Chairman and CEO of Samsung SDS.
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Mr. Wuk’s career before joining the CMG Board of Directors
Source: CMG
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Samsung SDS became a major shareholder of CMG in August 2019 when it invested nearly VND 850 billion to purchase 25 million shares in a private placement. This made Samsung SDS the largest shareholder at that time, with a 25% stake.
Source: CMG
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As of March 31, 2023, Samsung SDS owned over 45 million shares of CMG, representing a stake of nearly 30% in the company.
 Source: VietstockFinance
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On July 11, the Ho Chi Minh City Stock Exchange (HOSE) approved CMG’s request to change its listing registration. Specifically, the Company added over 412,000 shares (issued under the ESOP program), thereby increasing the total number of listed shares to over 190.4 million, equivalent to more than 1,904 billion VND. The change took effect on July 15.
Also in July, the Board of Directors of the CMC Technology Group decided to establish a subsidiary, CMC ADI Digital Infrastructure Company Limited, with a charter capital of VND 300 billion, to serve the super-large data center project.
CMG establishes a VND 300 billion subsidiary to serve the super-large data center project
In terms of business performance, in 2023, CMG recorded net revenue of nearly VND 7,342 billion, a decrease of over 4% compared to 2023. After deducting all expenses and interest, CMG’s net profit was nearly VND 337 billion, an increase of over 8%.
Ms. Le Thi Mai Loan Resigns from Eximbank’s Board of Directors
On January 31, 2024, Vietnam Export Import Commercial Bank (Eximbank, HOSE: EIB) announced that they have received the resignation letter from Ms. Le Thi Mai Loan, resigning from her position as a member of the Board of Directors of the bank for the VII term (2020 – 2025) due to personal reasons.
