Chairman of Hoa Binh Securities resigns

Recently, Hoa Binh Securities Corporation (HNX: HBS) announced the resignation of its senior leaders. Accordingly, on July 24, Mr. Trinh Thanh Giang - Chairman of the Board of Directors of HBS for the 2023-2028 term officially submitted his resignation.

Mr. Giang said that due to personal reasons, he does not have enough time to perform well the role of Chairman of the Board of Directors. Therefore, he hopes that the Board of Directors will consider and accept his request.

Mr. Trinh Thanh Giang was appointed as Chairman of the Board of Directors of HBS from October 2022. In 2022, HBS dismissed two Chairmen of the Board of Directors, the first was Ms. Nguyen Thi Loan from April 2022 and the second was Mr. Tran Kien Cuong from August 2022.

Previously, on November 9 , 2021 , Ms. Nguyen Thi Loan - Chairwoman of the Board of Directors of Vimedimex was arrested and prosecuted for violations in the land sector. Ms. Nguyen Thi Loan and 7 other defendants were prosecuted for the crime of "Violating regulations on property auction activities" related to the auction of a nearly 5-hectare land plot in Co Duong village (Tien Duong commune, Dong Anh district, Hanoi ), causing a loss of 200 billion VND.

Finance - Banking - Chairman of Hoa Binh Securities resigns — HBS stock performance over the past 3 years (Source: TradingView).

Not only in the pharmaceutical and medical equipment sectors, Ms. Nguyen Thi Loan is also known for her leadership role in a series of companies in the fields of securities, real estate, and banking. In 2011, Ms. Nguyen Thi Loan joined the Board of Directors of Viet A Joint Stock Commercial Bank (Code: VAB) and held the position of Vice Chairwoman of the Board of Directors.

In the securities sector, Ms. Loan is Chairwoman of the Board of Directors of two units: Hoa Binh Securities and International Fund Management Joint Stock Company.

As for Mr. Giang, he was elected as Chairman of the Board of Directors for the 2023-2028 term after being elected as a member of the Board of Directors at the 2023 Annual General Meeting of Shareholders of HBS. In addition to Mr. Giang, other individuals elected include Mr. Le Xuan Tung, Mr. Le Dinh Duong, Mr. Nguyen Anh Duc, and Mr. Le Tien Dung. Mr. Le Dinh Duong was appointed Vice Chairman of the Board of Directors.

Mr. Duong and Mr. Le Xuan Tung are both sons of former chairwoman Nguyen Thi Loan. As of July 7, Mr. Duong is holding more than 5 million HBS shares (15.15%).

On the stock market, in the trading session on July 26, HBS shares are down 1.02% to VND9,700/share, however, compared to the bottom at the beginning of the year, this stock has nearly doubled its market price .

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