The Board of Directors of Thuduc House, a leading real estate development company, announced that Mr. Nguyen Hai Long, the company’s CEO, has recently stepped down from his position due to personal reasons.
Thuduc House Logo
Mr. Long was elected as CEO in mid-April 2024, succeeding Mr. Dam Manh Cuong. The current Board of Thuduc House comprises Mr. Nguyen Quang Nghia as Chairman, along with two members, Ms. Vo Thi Tuong Vy and Mr. Hoang Anh Phuc.
The company’s financial performance in the third quarter of 2024 fell short of expectations, with a revenue of nearly VND 37 billion, a 55% decrease compared to the same period last year. Thuduc House incurred a post-tax loss of nearly VND 4 billion, bringing the cumulative loss as of the end of the third quarter to VND 755 billion.
The company’s assets stand at less than VND 983 billion, mostly in receivables and inventory. Shareholders’ equity amounts to VND 372 billion.
Recently, Thuduc House received a decision from the Ho Chi Minh City Tax Department to enforce administrative tax management measures by deducting over VND 91 billion from the company’s bank account.
On November 28, Thuduc House’s stock (TDH) closed slightly lower at VND 2,270 per share, a decrease of VND 200 from the previous day’s closing price.
