Song Ba Ha Hydropower Company convenes extraordinary shareholders' meeting.

(Dan Tri Newspaper) - Song Ba Ha Hydropower Joint Stock Company plans to hold an extraordinary general meeting of shareholders on February 2, 2026. The agenda of the meeting has not yet been announced.

Song Ba Ha Hydropower Joint Stock Company (stock code: SBH) recently announced a Resolution approving the Extraordinary General Meeting of Shareholders in 2026, scheduled for February 2, 2026, at the company's headquarters in Tuy Hoa Ward, Dak Lak Province.

The meeting agenda will be detailed in the meeting invitation sent to shareholders. The deadline for registration is January 5, 2026. Each shareholder owning one share will have one voting right.

Previously, on November 30th, the company's Board of Directors issued a resolution approving a temporary personnel plan to manage the company's operations. The resolution was issued after considering the company's actual situation and the need to reallocate personnel to maintain production and business operations while focusing on working with relevant authorities.

Accordingly, the company's Board of Directors has assigned the Chairman of the Board to temporarily manage the executive board's activities and to be authorized to perform the duties and powers of the company's legal representative during the General Director's leave of absence and while working with relevant authorities.

The company's Board of Directors has also temporarily assigned Mr. Nguyen Dinh Vu, Deputy Head of the Technical and Safety Department, to manage and oversee the department's operations while the head of the department is working with the authorities.

The Song Ba Ha hydroelectric power plant is located on the Ba River in Duc Binh commune, Dak Lak province (photo taken on December 5th) (Photo: Truong Nguyen).

Mr. Nguyen Hong Viet, Head of the Planning and Materials Department, was assigned to coordinate and support Mr. Nguyen Dinh Vu in operational work, especially tasks related to the operation process of the Song Ba Ha hydropower reservoir and the operation process of the interconnected reservoirs in the Ba River basin.

The Board of Directors has also temporarily assigned Mr. Nguyen Thanh Lam, Deputy Workshop Manager, to manage and oversee the operations of the Workshop while the workshop manager is working with the relevant authorities.

Currently, this company is headed by Mr. Nguyen Duc Phu as General Director and Legal Representative, and Mr. Vu Huu Phuc as Chairman of the Board of Directors.

The company's major shareholders include Power Generation Corporation 2 - EVNGENCO 2, currently holding 61.78% of the charter capital; REE Energy Company Limited, holding 25.76% of the charter capital; Southern Power Corporation, holding 7.21%; and minority shareholders, holding the remaining 5.25% of the charter capital.

Regarding business performance, according to the Q3 financial report, the company recorded net revenue of over 323 billion VND, an increase of more than 34% compared to Q3 2024. Due to a decrease in the cost of goods sold, gross profit reached over 235 billion VND, an increase of more than 66% compared to the same period last year. The company's after-tax profit in the past quarter reached over 188 billion VND, an increase of more than 50% compared to Q3/2024.

For the first nine months of the year, Song Ba Ha Hydropower Joint Stock Company recorded net revenue of over 517 billion VND, a 36% increase compared to the same period in 2024. Net profit also increased to 271 billion VND, compared to just over 115 billion VND in the same period last year, a 135% increase compared to the same period last year.

As of the end of the third quarter, the company's total assets reached over VND 2,034 billion. Of this, short-term assets accounted for VND 1,386 billion, and cash and cash equivalents amounted to over VND 86 billion. In addition, the company had VND 836 billion in investments held to maturity.

Previously, on November 19th, during the period of heavy rain and flooding, the Song Ba Ha hydropower plant released water downstream at a rate of 16,100 m3/s - a discharge level that experts consider a historic flood discharge for the hydropower industry.

Source: https://dantri.com.vn/kinh-doanh/cong-ty-thuy-dien-song-ba-ha-trieu-tap-hop-co-dong-bat-thuong-20251212130947059.htm