An Cuong Wood has announced the results of its recent written shareholder vote and resolutions from the August 26th Extraordinary General Meeting. Notably, Ms. Vu Hau Giang (born 1978) was elected as an Independent Member of the Board of Management for the 2022-2027 term, replacing Mr. Phan Quoc Cong, who resigned for personal reasons in July.
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Mr. Phan Quoc Cong was elected to ACG’s Board of Management in December 2022 and did not hold any shares in the Company. In addition to his role at ACG, Mr. Cong is the Chairman of the Board of One Solution Technology JSC and a Board Member of Saigon Food JSC. He is known for founding, developing, and building the X-Men men’s shampoo brand before selling it to a foreign partner and withdrawing in 2015. X-Men is now owned by Unilever.
His replacement, Ms. Vu Hau Giang, is the Chairman of the Board of Southern International Investment JSC, founded in 2014 in Ho Chi Minh City with an initial charter capital of VND 20 billion. The company operates in the field of construction of civil engineering works. Ms. Giang is also one of the founding shareholders of this company.
With this addition, ACG’s Board of Management now comprises seven members, including the current Chairman, Mr. Le Duc Nghia, and Vice Chairman, Mr. Masao Kamibayashiyama (Japanese nationality).
In parallel with the personnel decision, ACG shareholders also approved the expansion of the company’s business sectors, adding the fields of repair, installation, and wholesale of industrial machinery and equipment.
Established in 1994, ACG is a leading company in Vietnam and Southeast Asia in the field of manufacturing and supplying interior decoration materials and décor. The company currently owns more than 23 showrooms nationwide and a 240,000m2 production plant in Binh Duong.
In the first half of 2025, ACG recorded a slight increase in revenue of 2% year-on-year, amounting to over VND 1,763 billion. Net profit reached nearly VND 223 billion, a 12% increase and the highest in three years. This improvement is attributed to the absence of one-off abnormal expenses incurred in the previous period and an increase in financial income due to the partial divestment of investments in an associated company.
| ACG’s Semi-Annual Business Results |
On the stock exchange, ACG shares closed the session on August 30th, 2025, at VND 36,800 per share, a 9% increase from the early April low. However, the price is still down over 9% from a year ago, with an average matching volume of 12,000 shares per session.
| ACG Share Price Movement in the Past Year |
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