Former Sacombank boss nominated to Bamboo Airways Board of Directors

A group of major shareholders owning over 55% of capital at Bamboo Airways nominated Mr. Phan Dinh Tue - who has just resigned as Deputy General Director of Sacombank , to the airline's Board of Directors.

Two major shareholders at Bamboo Airways Joint Stock Company, Le Thai Sam (holding 38.28% of capital) and Doan Huu Doan (holding 16.85% of capital), have just submitted applications to nominate 7 candidates for the Board of Directors for the 2023-2028 term.

Of these, Mr. Sam and Mr. Doan ran for the new term and nominated Mr. Nguyen Ngoc Trong and Le Ba Nguyen. All four candidates have just resigned from their roles as members of the Board of Directors of Bamboo Airways for the 2019-2024 term.

This group of major shareholders also introduced 3 other candidates: Mr. Phan Dinh Tue, Mr. Tran Hoa Binh and Mr. Hideki Oshima. Of which, Mr. Tue has just resigned from the position of Deputy General Director of Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) since June 15. However, he will continue to hold the role of a member of the Board of Directors at this bank for the 2022-2026 term. Born in 1966, Mr. Tue has nearly 40 years of experience in the field of finance and banking. At Sacombank, he has been Deputy General Director since mid-2012.

Mr. Phan Dinh Tue appeared as Deputy General Director of Sacombank at an event in June 2022. Photo: STB — Mr. Phan Dinh Tue appeared as Deputy General Director of Sacombank at an event in June 2022. Photo: *STB*

Mr. Hideki Oshima, born in 1962, was the former Director of International Relations and Airline Alliances at Japan Airlines - the second largest airline in Japan. In May, Bamboo Airways Chairman Nguyen Ngoc said that Mr. Oshima would join the Board of Directors and Executive Board of this airline. In addition to Oshima, another Japanese, former Chairman of Japan Airlines Masaru Onishi, is also expected to hold the role of Senior Advisor to the Board of Directors of Bamboo Airways.

Mr. Tran Hoa Binh, born in 1975, is a permanent resident of Ward 11, Phu Nhuan District, Ho Chi Minh City. This candidate has the same name and year of birth as the former President of Saigon Club.

Recently, Bamboo Airways increased its charter capital to VND26,220 billion, an increase of VND7,720 billion. Thanks to that, Bamboo Airways has become the airline with the largest charter capital in the domestic market.

The newly increased capital of Bamboo Airways is also almost in line with the plan proposed by Mr. Le Thai Sam and approved by the company's general meeting of shareholders. Mr. Sam proposed to issue shares equivalent to 7,720 billion VND to convert debt. Because he said that he had previously lent the airline 7,727.8 billion VND (including principal and interest) with no interest and/or low interest, without collateral.

Anh Tu

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