The Annual General Meeting of Shareholders (AGM) unanimously approved the resignation of Board of Directors (BOD) and Supervisory Board (SB) members for the 2024–2029 term, in accordance with their personal wishes. 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 of their positions on the Supervisory Board.
Additionally, the AGM elected new members to the Board of Directors and Supervisory Board for the 2024–2029 term. The approved candidate list includes Mr. Ho Le Viet Hung, Mr. Nguyen Tien Duc, Mr. Duong Van Cuong, and Ms. Hoang Thanh Tam as BOD members. Ms. Le Cam Thuy was appointed as an Independent Board Member. Mr. Tran Quang Khanh, Ms. Lai Thanh Mai, and Ms. Duong Thi Thanh were elected to the Supervisory Board. The addition of this experienced and highly skilled team will enhance governance capabilities and drive business growth.
New members of the Board of Directors and Supervisory Board of SBSI for the 2024–2029 term introduced at the AGM (Photo: SBSI)
A critical agenda item approved by the AGM 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 expand the company’s scale, invest in advanced information technology systems, and bolster capital for margin lending, proprietary trading, and securities underwriting—high-potential areas that will 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 per share as per the latest audited/reviewed financial statements. Privately placed shares will be subject to a minimum one-year transfer restriction from the completion of the offering.
The AGM also authorized the Board of Directors 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 for 2025–2026, ensuring alignment with market conditions and optimal effectiveness.
Established in 2008 as a successor to Global Securities Joint Stock Company, Stanley Brothers Securities Corporation (SBSI) has grown into a trusted partner with a strong reputation over 17 years. The company boasts high credibility among prominent clients such as KPMG, IFC, Bitagco, Vietcombank, BIDV, and VietinBank. With the addition of experienced and specialized leadership, SBSI is poised to enter a new phase of development, pioneering innovative and comprehensive products and services to deliver maximum value to customers, shareholders, and partners.
SBSI Extraordinary Shareholders’ Meeting: Capital Increase Plan Approved
Stanley Brothers Securities Corporation (SBSI) successfully held its Extraordinary General Meeting of Shareholders (EGM) on the morning of October 14th. The assembly unanimously approved critical resolutions, including the election of additional members to the Board of Directors and the Supervisory Board for the 2024–2029 term, the plan to increase the charter capital, and several other key matters.
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