SBSI Securities Extraordinary General Meeting of Shareholders approves capital increase plan

(Dan Tri) - Stanley Brothers Securities Joint Stock Company (SBSI) held an extraordinary general meeting of shareholders on the morning of October 14, approving the election of additional members to the board of directors, board of supervisors, a plan to increase charter capital and some other contents.

Accordingly, the general meeting of shareholders unanimously approved the dismissal of members of the board of directors (BOD) and the board of supervisors for the 2024-2029 term according to personal wishes.

Specifically, Mr. Luyen Quang Thang, Mr. Nguyen Quang Anh and Mr. Pham Hoang Hai ceased to hold the positions of members of the Board of Directors. Mr. Do Duc Loc, Ms. Dinh Thi Lan Anh and Ms. Le Thi Giang were also dismissed from the positions of members of the Supervisory Board.

SBSI's extraordinary general meeting of shareholders took place on the morning of October 14 (Photo: SBSI).

Along with that, the general meeting of shareholders conducted additional elections for the 2024-2029 term. The approved list of candidates includes Mr. Ho Le Viet Hung, Mr. Nguyen Tien Duc, Mr. Duong Van Cuong, Ms. Hoang Thanh Tam for the position of Board of Directors member. Ms. Le Cam Thuy was elected as an independent Board of Directors member.

Mr. Tran Quang Khanh, Ms. Lai Thanh Mai and Ms. Duong Thi Thanh were elected to the Board of Supervisors. The addition of a new team with a lot of experience and high expertise is expected to contribute to improving management capacity and promoting business development.

New members of SBSI's Board of Directors and Supervisory Board for the 2024-2029 term were introduced to the congress (Photo: SBSI).

An important content approved at this congress is the plan to increase charter capital. Accordingly, Stanley Brothers plans to issue up to 166.1 million additional common shares, bringing the total number of outstanding shares of the company to a maximum of 200 million shares.

This capital increase is a key step for Stanley Brothers to expand its scale, invest heavily in modern information technology systems, and supplement capital for margin lending, proprietary trading and securities underwriting - potential areas to boost the company's profits.

The plan to issue shares is implemented in the form of private offering to professional securities investors in accordance with current legal regulations, with financial capacity, and able to support SBSI's business activities.

The offering price will be determined by agreement, with a minimum price of VND 10,000/share and not lower than the book value of the shares according to the most recent audited/reviewed financial statements. The privately issued shares will be subject to transfer restrictions for a minimum period of one year from the date of completion of the offering.

The General Meeting of Shareholders also authorized the Board of Directors to handle the unsold shares after the issuance, and may choose to cancel these shares or continue offering them to one or more other qualified investors according to the selection criteria in line with the company's development orientation.

The issuance is expected to be carried out in the period of 2025-2026, ensuring efficiency and suitability with market developments and conditions.

Stanley Brothers Securities Joint Stock Company (SBSI) was established in 2008, formerly known as Global Securities Joint Stock Company. After 17 years of operation and development, SBSI is a partner of many large enterprises such as KPMG, IFC, Bitagco, Vietcombank, BIDV , ViettinBank...

With the participation of highly specialized and experienced leaders, SBSI said it is entering a new phase of development, pioneering the creation of modern and comprehensive products and services, thereby bringing the highest value to customers, shareholders and partners.

Source: https://dantri.com.vn/kinh-doanh/dai-hoi-co-dong-bat-thuong-cua-chung-khoan-sbsi-phe-duyet-phuong-an-tang-von-20251016094541499.htm