Two New Appointments to the Board of Directors and the Supervisory Board
Specifically, HBS will seek shareholder approval regarding the dismissal of Mr. Le Tien Dung – Vice Chairman and Member of the Board of Directors, and Mr. Nguyen Ba Tuan – Member of the Supervisory Board. The company plans to send ballots to shareholders on September 10th, with a response deadline of 4:30 pm on September 30th. The results will be compiled by 4:45 pm on the same day.
Prior to this, both individuals had submitted resignation letters to attend to personal matters. Mr. Dung’s resignation was received on August 7th, while Mr. Tuan’s was received on July 26th.
In contrast, Mr. Le Dinh Duong – Chairman of the HBS Board of Directors, has nominated Mr. Nguyen Phan Trung Kien as a Member of the Board of Directors and Mr. Truong Duy Phong as a Member of the Supervisory Board.
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According to HBS, Mr. Nguyen Phan Trung Kien, born in 1982 in Ha Tinh province, holds a Bachelor’s degree in Mathematical Economics from the University of Rouen, France. He currently resides in Cau Giay district, Hanoi.
Mr. Kien is the CEO of HBS, appointed on May 6th, 2024, replacing Mr. Dinh The Loi. Prior to this, from March to May 2024, he briefly served as the Deputy CEO of HBS.
Before joining HBS, Mr. Kien held the position of Deputy CEO at National Securities Joint Stock Company (from January 2022 to January 2023) and was a management official at Fastgo Joint Stock Company (from February 2018 to December 2021) and Oceanbank (from March 2009 to December 2017).
On the other hand, Mr. Truong Duy Phong, born in 1993, resides in Hai Ba Trung district, Hanoi. He holds a Bachelor’s degree in Finance and Banking.
If the shareholders approve the nominations, HBS will maintain a five-member Board of Directors, including Mr. Kien and four other individuals: Mr. Le Dinh Duong (Chairman), Mr. Trinh Thanh Giang, Mr. Le Xuan Tung, and Ms. Tran My Linh. The Supervisory Board will also remain unchanged, comprising three members: Mr. Phong, Mr. Doan Duc Giang (Chairman), and Mr. Tran Hung Cuong.
Approving a Dividend Payout of Nearly VND 66 Billion
Apart from the changes in key positions, HBS also plans to distribute a 2023 cash dividend on September 12th. With a payout ratio of 20% (VNĐ 2,000 per share) and nearly 33 million shares in circulation, HBS is expected to distribute nearly VND 66 billion for this dividend.
Among the major shareholders of HBS, the two largest individual shareholders are Chairman Le Dinh Duong, holding 19.71%, and Mr. Nguyen Anh Duc, a former member of the Board of Directors, holding 17.58%. With these holdings, Mr. Duong and Mr. Duc will receive approximately VND 13 billion and VND 11.6 billion, respectively, in dividends from HBS.
Gen Z Chairman of Securities Company to Spend Billions to Acquire More Shares
With these notable developments on the horizon, HBS’s stock price has been on a strong upward trend. On the morning of August 12th, HBS’s share price surged to a ceiling price of VND 10,300 per share, extending its streak of consecutive gains.
| HBS’s share price has been on a strong upward trend recently |
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