The New Board: A Revamped Vision for Hai Phong Securities

The HAC’s board of directors is expected to be reduced from five to three members.

On June 23, the HAC’s board of directors received a resignation letter from its chairman, Ninh Le Son Hai. In his letter, Mr. Hai cited personal reasons and stepped down from his position as chairman and member of the board for the 2021-2026 term.

Mr. Hai was elected to the board in September 2024 at an extraordinary general meeting. Prior to joining the board, he served as deputy head of the IT department at HAC. He also worked at FPT IS Joint Stock Company, where he held the position of Director of the Digital Finance and Banking Center from March 2019 to September 2024. He is also known for his role as deputy project manager for the HOSE trading floor overload treatment in 2021.

At the same extraordinary general meeting, shareholders elected five new board members: Ninh Le Son Hai, Ly Thi Thu Ha, Le Ngoc Hai, Chu Viet Ha, and Nguyen Thi Mai. Conversely, the meeting also approved the resignations of five board members: Vu Duong Hien (Chairman), Vu Xuan Thuy (Vice Chairman), Doan Duc Luyen, Nguyen Thi Nguyet, and Vu Thi Thanh Nga.

Recently, other members of the HAC’s board have also resigned. On June 16, Chu Viet Ha stepped down, citing personal reasons. On June 9, two other board members, Ly Thi Thu Ha and Le Ngoc Hai, also resigned for the same reason. Prior to that, on June 4, Nguyen Thi Mai had also submitted her resignation, citing similar reasons.

With these developments, it is likely that the HAC will undergo a complete overhaul of its board of directors before the end of the 2021-2026 term.

Meanwhile, the supervisory board, comprising Pham Minh Hieu (Chairman), Le Tuan, and Nguyen Trung Kien, has also submitted their resignations following the board of directors’ proposal to change the management structure and discontinue the supervisory board. Specifically, at the upcoming 2025 Annual General Meeting to be held on June 26, HAC will propose to shareholders the establishment of an Audit Committee under the Board of Directors to replace the Supervisory Board.

Following the aforementioned leadership changes, HAC has proposed a list of new board members to be elected at the Annual General Meeting, including Dao Le Huy, Ngo Thi Song Ngan, and Nguyen Tuan Anh. The company also proposed to change the number of board members. As a result, the number of HAC’s board members is expected to be reduced from five to three.

Major shareholder sells over 61% stake

In addition to the personnel changes, HAC also witnessed a change in its ownership structure.

On June 9, the company announced that three major shareholders, Tran Anh Duc, Dao Son Tung, and Vu Hoang Viet, are no longer major shareholders after selling all their shares, totaling 61.24% of the capital.

Interestingly, none of these three shareholders held their positions for a long time. Tran Anh Duc and Vu Hoang Viet acquired a significant number of HAC shares on September 25, 2024. Duc subsequently purchased additional shares on October 11, 2024. Shortly after, Dao Son Tung also bought a substantial amount of shares on October 15 and 16, 2024.

Offering 100 million shares to professional investors

In 2025, HAC aims to achieve total revenue and pre-tax profit of over VND 72 billion and VND 4.1 billion, respectively, representing a 12% and 49% increase compared to the previous year. The board of directors also plans to propose to shareholders the suspension of dividend payments for 2024 and 2025.

Moreover, the company intends to offer 100 million shares to professional securities investors, increasing its charter capital from nearly VND 292 billion to nearly VND 1,292 billion, equivalent to a fourfold increase.

The offering is expected to take place in 2025 or the first quarter of 2026. With a share price of VND 11,000, the company could raise VND 1,100 billion. The proceeds will be used to invest in the company’s infrastructure and system development, supplement working capital, and other legal purposes (20%); securities self-trading and investment in securities on the market (30%); and providing advance payment services, margin trading, and other activities or operations (50%).

Yến Chi

– 16:47 25/06/2025

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