Bamboo Capital changes generals again, Singaporean CEO replaces Mr. Pham Huu Quoc

Bamboo Capital Group has announced the appointment of Mr. Ng Wee Siong Leonard, a Singaporean national, as general director to replace Mr. Pham Huu Quoc, who resigned after just over 3 months as CEO.

After Mr. Pham Huu Quoc resigned, the "hot seat" of CEO of Bamboo Capital quickly had a new owner, Mr. Ng Wee Siong Leonard - Photo: BCG

On August 29, the Board of Directors (BOD) of Bamboo Capital Group Joint Stock Company (stock code BCG) approved the resignation of Mr. Pham Huu Quoc as CEO. Notably, Mr. Pham Huu Quoc has held the position of CEO since May 2025, when he replaced Mr. Ho Viet Thuy, who also resigned from the position of CEO of Bamboo Capital after more than 2 months in the "hot seat".

Replacing Mr. Quoc's position this time is Mr. Ng Wee Siong Leonard (Singaporean nationality).

Bamboo Capital Group said Mr. Ng Wee Siong Leonard graduated with a bachelor of science degree from Singapore Management University.

Joining Bamboo Capital Group in 2016, he has been with Bamboo Capital for nearly 10 years and has held many important positions. He is currently Chairman of the Board of Directors of BCG Energy and member of the Board of Directors of BCG Land.

According to Bamboo Capital, Mr. Leonard has many years of experience in the fields of finance - banking, real estate and is known for his extensive network of relationships with domestic and foreign investors.

"The appointment of Mr. Leonard as the group's general director is considered a new step in Bamboo Capital's restructuring process," Bamboo Capital informed.

On the same day, the Board of Directors also appointed Ms. Thai Hong Ngoc to the position of Deputy General Director of Bamboo Capital Group.

Since the beginning of the year, Bamboo Capital's senior leadership has been in constant flux as newly appointed leaders have resigned "for personal reasons".

BCG postpones shareholders' meeting until audit report is released

Recently, Bamboo Capital Group sent an official dispatch to the State Securities Commission stating that it is in the process of completing the 2024 audited financial report, the first quarter financial report and the company is coordinating with relevant parties to resolve issues related to bonds and debt settlement, so it has not yet submitted the second quarter financial report.

The audit report is expected to be released in September 2025.

To date, Bamboo Capital has requested permission to postpone the 2025 annual shareholders' meeting until a suitable time after the announcement of the audited financial statements.

Bamboo Capital's shares are currently restricted from trading.

On the stock market, at the end of the session on August 29, BCG stock price increased by 6.93% to VND 3,860/share, with the volume of matched shares reaching nearly 11.3 million shares.

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Source: https://tuoitre.vn/bamboo-capital-lai-thay-tuong-ceo-nguoi-singapore-thay-the-ong-pham-huu-quoc-20250829175832556.htm