Mr. Nguyen Hoang Bao wants to leave VietCap Securities

Mr. Nguyen Hoang Bao, husband of Ms. Nguyen Thanh Phuong, has submitted a resignation letter from the position of member of the Board of Directors of VietCap Securities for personal reasons.

Mr. Hoang Bao (Henry Nguyen)'s resignation decision will take effect when approved at the 2024 Annual General Meeting of Shareholders of VietCap Securities, scheduled for early April.

VietCap Securities was established in 2007, formerly known as Ban Viet Securities Company. Mr. Nguyen Hoang Bao has held the position of member of the Board of Directors (BOD) since 2011.

According to the 2023 management report, Mr. Hoang Bao does not own any Vietcap shares. Ms. Nguyen Thanh Phuong, Mr. Bao's wife, is currently the Chairwoman of the Board of Directors of VietCap Securities and owns more than 17.5 million VCI shares, equivalent to more than 4% of capital.

Mr. Nguyen Hoang Bao, member of VietCap Board of Directors.

In addition to VietCap, by the end of 2023, Mr. Bao will hold positions in many other companies, such as Chairman of the Board of Directors at Good Day Hospitality Company, Ban Viet Real Estate and Phoenix Holdings - a company specializing in investing in technology, consumer-retail, financial technology, education ...

In addition, he also holds the position of CEO at Timo Vietnam Joint Stock Company, Chairman of Vietnam Basketball Joint Stock Company and Vietnam Basketball Federation.

In 2023, VietCap recorded more than VND2,470 billion in operating revenue, down 22% compared to the previous year. The decline was mainly due to brokerage revenue being half of the same period, recording more than VND530 billion. The securities company's pre-tax profit was more than VND570 billion, down 46%.

Minh Son

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