3 leaders of Tien Phong Securities resigned on the same day

(Dan Tri) - 3 members of the board of directors (BOD) of Tien Phong Securities simultaneously submitted their resignations on the same day, all for personal reasons.

Tien Phong Securities Company (TPS - stock code: ORS) received the resignations of Mr. Le Quoc Hung, Mr. Ta Quang Luong and Ms. Nguyen Thi Le Tung on June 20, one week before the annual shareholders' meeting. These three personnel have all joined the Board of Directors since mid-2024. Previously, on March 18, Mr. Do Anh Tu, Chairman of the Board of Directors, also resigned.

In addition, the high-level personnel changes at TPS do not stop at the Board of Directors. In mid-April, this securities company also dismissed Ms. Bui Thi Thanh Tra from the position of General Director and Legal Representative, citing "organizational structure changes". The replacement is Ms. Dang Si Thuy Tam.

Regarding this year's business plan, TPS targets revenue of VND1,379 billion and after-tax profit of VND111 billion, down nearly 35% and 71% year-on-year, respectively. The company plans to mobilize VND3,000 billion through bonds to restructure debt and increase capital scale.

Three members of TPS's Board of Directors have just resigned for personal reasons (Photo: TPS).

The company's management expects the stock market to grow strongly in terms of points and liquidity, but competition with companies in the same industry is increasingly fierce and the bond market continues to face many difficulties. This plan is based on consolidating business segments with the principle of prudence, focusing on risk management and capital safety.

In the first quarter of this year, TPS recorded revenue of VND446 billion, down 7% compared to the same period last year. The company reported a loss after tax of VND7.2 billion, while in the same period last year it made a profit of more than VND75 billion.

As planned, TPS will hold the 2025 annual general meeting of shareholders on June 27 in Ho Chi Minh City.

Source: https://dantri.com.vn/kinh-doanh/3-lanh-dao-chung-khoan-tien-phong-tu-nhiem-trong-cung-mot-ngay-20250622205036131.htm