SMC Investment Trading Joint Stock Company (Stock Code: SMC, HoSE) has recently announced resolutions from its Board of Directors regarding the release of assets currently pledged to banks. These assets will subsequently be liquidated and transferred to settle outstanding loans.
The assets slated for release include approximately 10.5 million HBC shares of Hoa Binh Construction Group Joint Stock Company; a VND 10 billion deposit contract (currently securing credit obligations of SMC Mechanical Steel LLC); additional deposit contracts valued at VND 49.5 billion and VND 62 billion; and real estate alongside invested machinery and equipment.
All the aforementioned assets are currently pledged to Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) – Ho Chi Minh City Branch. The proceeds from the asset sales are intended to settle existing debts of SMC group entities that maintain credit relationships with this bank branch.
As of June 20, 2025, SMC Investment Trading’s total liabilities stand at nearly VND 3,840.8 billion, with total loans and financial lease debts amounting to over VND 2,326.1 billion, representing 60.6% of total liabilities. Notably, the company has a short-term loan of nearly VND 1,217 billion from VietinBank.
In other developments, on September 25, 2025, SMC Investment Trading successfully held its 2025 Extraordinary General Meeting of Shareholders.
During the meeting, shareholders approved the resignation of Ms. Nguyen Thi Ngoc Loan from her positions as Chairwoman and Member of the Board of Directors (term 2021–2025) due to health reasons.
Ms. Loan, born in 1961, holds a College degree in Economics specializing in Business Administration and was appointed to SMC’s Board of Directors on April 23, 2021.
Conversely, SMC elected three new Board Members for the 2021–2025 term: Mr. Pham Hoang Anh, Mr. Hoang Trung Dung, and Mr. Nguyen Ngoc Anh Duy.
Mr. Pham Hoang Anh was appointed as the new Chairman of the Board of Directors, succeeding Ms. Nguyen Thi Ngoc Loan, effective September 25, 2025.
Mr. Pham Hoang Anh holds a Bachelor’s degree in Finance and Banking and a Financial Analyst Certificate issued by the State Securities Commission of Vietnam (SSC).
His professional background includes roles as an Auditor at KTC Auditing LLC, Investment Banking Specialist at MB Securities JSC (MBS), and Senior Investment Banking Specialist at Orient Commercial Joint Stock Bank (OCB).
Currently, Mr. Hoang Anh serves as Deputy General Director at ConnectLog Vietnam LLC.
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