The extraordinary shareholders’ meeting of SBSI took place on the morning of October 14th (Photo: SBSI)
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During the meeting, shareholders unanimously approved the resignation of Board of Directors (BOD) and Board of Supervisors (BOS) members for the 2024–2029 term, based on personal requests. Specifically, Mr. Luyen Quang Thang, Mr. Nguyen Quang Anh, and Mr. Pham Hoang Hai officially stepped down from their roles as BOD members. Mr. Do Duc Loc, Ms. Dinh Thi Lan Anh, and Ms. Le Thi Giang were also relieved from their positions as BOS members.
Additionally, the shareholders’ meeting proceeded to elect new members to the Board of Directors and Board of Supervisors for the 2024–2029 term. The approved list of candidates includes Mr. Ho Le Viet Hung, Mr. Nguyen Tien Duc, Mr. Duong Van Cuong, and Ms. Hoang Thanh Tam for BOD positions. Ms. Le Cam Thuy was elected as an Independent Board Member. Mr. Tran Quang Khanh, Ms. Lai Thanh Mai, and Ms. Duong Thi Thanh were appointed to the BOS. The addition of this experienced and highly skilled team is expected to enhance governance capabilities and drive business growth.
New members of the Board of Directors and Board of Supervisors of SBSI for the 2024–2029 term introduced at the meeting (Photo: SBSI)
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A critical agenda item approved by the shareholders was the capital increase plan. Stanley Brothers plans to issue up to 166,100,000 common shares, raising the total number of outstanding shares to a maximum of 200,000,000. This capital increase is a pivotal step to enable the company to expand its scale, invest in advanced information technology systems, and bolster capital for margin lending, proprietary trading, and securities underwriting—key areas poised to drive profitability.
The share issuance will be conducted through a private placement to qualified professional securities investors, in compliance with current regulations. The offering price will be determined by mutual agreement, with a minimum price of 10,000 VND per share and not below the book value of the shares as per the latest audited/reviewed financial statements. The privately issued shares will be subject to a minimum one-year transfer restriction from the completion of the offering.
The shareholders’ meeting also granted the Board of Directors the authority to handle any unsold shares post-issuance, allowing them to either cancel these shares or offer them to other qualified investors aligned with the company’s development strategy. The issuance is scheduled to take place between 2025 and 2026, ensuring alignment with market conditions and optimal effectiveness.
Established in 2008, Stanley Brothers Securities Corporation (SBSI), formerly known as Global Securities Corporation, has been a trusted partner with high credibility for 17 years. The company collaborates with prominent enterprises such as KPMG, IFC, Bitagco, Vietcombank, BIDV, and ViettinBank. With the addition of highly experienced leaders, SBSI is poised to enter a new phase of development, pioneering innovative and comprehensive products and services to deliver maximum value to clients, shareholders, and partners.
Services
– 09:25 16/10/2025
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