The Board of Directors of Viglacera Hanoi Joint Stock Company (UPCoM: VIH) announces the resignation of Mr. Quach Huu Thuan from the position of Chairman. Mr. Le Tien Dung has been appointed as the new Chairman, effective from September 18, 2024, for a term of five years.
Mr. Dung, born in 1979, is a chemical engineer specialized in silicates and holds a Master’s degree in Business Administration. He first joined Viglacera Hanoi in July 2003 as a foreman and was promoted to Director in 2013, a position he held until now. With over two decades of dedication, Mr. Dung steps down as Director to take on the role of Chairman of Viglacera Hanoi.
Along with this change, Mr. Nguyen Chi Hoa has been appointed as the new Director of VIH. Prior to this role, Mr. Hoa served as the company’s Deputy Director.
In related news, Viglacera Thang Long Joint Stock Company (UPCoM: TLT) also announced the resignation of Mr. Le Tien Dung from the position of Chairman of the Board. However, he remains on the Board as a member. Mr. Dung has been appointed as the Director of TLT, replacing Mr. Doan Hai Mau, while Mr. Hau will assume the role of Chairman, effective September 18.
Mr. Dung also holds other positions, including member of the Board of Directors of Viglacera Tile Trading Joint Stock Company (VIH owns 30% of the capital), and Chairman of the Board of Directors of Viglacera Aerated Concrete Joint Stock Company. Both VIH and TLT are subsidiaries of VGC, with VGC holding 51% of their capital.
In other news, VIH has finalized its list of shareholders to implement a 3% cash dividend payout for the year 2023 – equivalent to VND 300 per share. With 5.6 million shares currently in circulation, VIH is estimated to spend nearly VND 2 billion on this dividend payout.
As of the end of 2023, VGC was the parent company of VIH, holding 51% of its capital. VGC is estimated to receive nearly VND 1 billion in dividends from VIH. Mr. Dung personally holds nearly 162,000 VIH shares, representing a 2.89% stake.
Source: VIH
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On September 20, VIH shares closed at VND 12,700 per share, up 27% since the beginning of 2024, with an average trading volume of 141 shares per session.
| Share price movement of VIH since the beginning of 2024 |
