Surprisingly, Sacombank shareholders do not approve the addition of the chairman as legal representative.

Sacombank - Ảnh 1. — The current Chairman of Sacombank's Board of Directors is Mr. Duong Cong Minh - Photo: STB

Saigon Thuong Tin Commercial Joint Stock Bank - Sacombank (STB) has just announced information to the Securities Commission and HoSE on the results of collecting shareholders' written opinions on amending and supplementing the charter.

Accordingly, the resolution of Sacombank's general meeting of shareholders did not approve the content of the Board of Directors' proposal on amending and supplementing the bank's charter.

The current charter of Sacombank clearly states: The legal representative of this bank is the general director. Accordingly, the general director of Sacombank is the person representing the bank to exercise the rights and obligations arising from Sacombank's transactions...

However, in the recent shareholder consultation, Sacombank's Board of Directors wants to amend it to: The bank has one legal representative, but it can be the general director, or the chairman of the Board of Directors in case the general director position is vacant.

With this proposal, it means that the Chairman of the Board of Directors - currently Mr. Duong Cong Minh - can become the legal representative if the bank has not completed the official procedure to appoint a person to take on the position of General Director.

But surprisingly, the above proposal was not approved. This means that Sacombank's charter, which was approved by the shareholders' meeting at the annual meeting held in April this year, is still valid.

According to the attached minutes, at the time of closing the list on August 18, 2025, Sacombank had 66,266 shareholders with a total of more than 1.88 billion voting shares.

Of these, 345 shareholders (equivalent to 345 votes) - owning and representing more than 489.9 million shares, equivalent to 25.99% - sent their opinions.

The result was 305 votes in favor, accounting for 16.14% of the total outstanding voting shares. Therefore, the proposal of Sacombank's Board of Directors was not approved.

Regarding personnel issues, Sacombank's Board of Directors has decided to dismiss Ms. Nguyen Duc Thach Diem from her position as General Director. The bank also appointed Mr. Nguyen Thanh Nhung as Acting General Director to replace Ms. Nguyen Duc Thach Diem from May 27.

In another development, Sacombank has just reappointed Mr. Le Duc Thinh - Deputy General Director - for a 4-year term, starting from September 15, 2025.

BINH KHANH

Source: https://tuoitre.vn/bat-ngo-co-dong-sacombank-khong-thong-qua-bo-sung-chu-tich-lam-dai-dien-phap-luat-20250914202715579.htm