TNH Joint Stock Hospital Group (TNH: MCK) has just announced the resolutions of its 2025 Annual General Meeting of Shareholders, with notable agenda items. The meeting was previously held on June 16, 2025.
The meeting approved the 2025 business plan with a revenue target of VND 620 billion, a 40% increase from the previous year. However, the after-tax profit target is VND 31.3 billion, a 30% decrease.
In 2025, TNH aims for higher revenue growth contributed by both established and newly operational hospitals. However, the expected negative profit growth is mainly due to the new hospitals still in their pre-profit stage.
TNH expects its newly operational hospitals to continue making losses in 2025. Source: TNH
Specifically, this year, TNH Viet Yen Hospital is expected to incur a loss of VND 53.9 billion, the hospital under construction a loss of VND 9.3 billion, and the management expenses at the Group level are VND 35.4 billion.
TNH Hospitals shared that they will continue investing in several projects this year: the Lang Son Hospital project, the Thai Nguyen International Hospital Phase 3 project, the Pho Yen Hospital Phase 2 project, and the Da Nang Hospital project, among others.
The meeting approved the plan to issue shares to increase charter capital from owner equity in 2025. Accordingly, TNH Hospital plans to issue 21.62 million shares from the surplus capital source on the 2024 audited financial statements.
The execution ratio is 100:5, meaning that for every 100 shares owned, shareholders will receive 5 new shares. The expected timeline for this execution is the third quarter of 2025.
TNH’s 2025 Annual General Meeting of Shareholders was held on June 16. Source: TNH
Regarding personnel matters, the meeting approved a change in the number of Board of Directors members from nine to seven. After the 2020-2025 term expired, the meeting elected seven members to the Board of Directors for the 2025-2030 term: Mr. Christopher E. Freund, Mr. Tran Ngoc Minh, Mr. Romeo Fernandez LLedo, Mrs. Nguyen Thi Thuy Giang, Mr. Hoang Tuyen, Mr. Le Xuan Tan, and Mr. Nguyen Huu Diep.
Mr. Hoang Tuyen, Mr. Le Xuan Tan, Mr. Romeo Fernandez LLedo, and Mrs. Nguyen Thi Thuy Giang were members of the previous term’s Board. Mr. Nguyen Huu Diep served as the company’s Vice President. Meanwhile, Mr. Tran Ngoc Minh and Mr. Christopher E. Freund did not hold any positions at TNH previously.
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