Song Da 1.01 CEO resigns due to… unpaid wages

August 24, 2023 12:33 PM Ha Loan Print article

ANTD.VN - Mr. Le Ha Phuong - CEO of Song Da 1.01 Joint Stock Company (stock code: SJC) unilaterally terminated his labor contract ahead of schedule because the Company owed him his salary.

Song Da 1.01 Joint Stock Company (code SJC) has just announced the resignation of Mr. Le Ha Phuong - Executive Director.

According to the announcement of Mr. Le Ha Phuong, he will unilaterally terminate the labor contract and cease to hold the position of Executive Director of the Company from August 1, 2023.

The reason is that Song Da 1.01 Company violated the labor contract and did not pay him his full salary from the date of signing the contract until now.

Mr. Phuong requested Song Da 1.01 to send staff to receive the handover of work and pay all salaries before August 15. At the same time, post information disclosure according to the law for listed companies.

Previously on May 3, Mr. Phuong was appointed as executive director for a term of 5 years.

Song Da 1.01 CEO resigns due to… salary arrears photo 1

Song Da 1.01 has had many fluctuations recently.

Song Da 1.01 Company has attracted public attention recently when, at the end of 2022, this enterprise simultaneously "changed blood" of leadership along with the appearance of a new group of shareholders, Nhat Nam Real Estate Investment and Trading Joint Stock Company.

The Board of Directors for the 2022-2027 term of Song Da 1.01 includes 5 people, most of whom are related to Nhat Nam Real Estate, including: Ms. Vu Thi Thuy (General Director of Nhat Nam Real Estate Investment and Trading Joint Stock Company); Mr. Pham Khanh Phuong (singer Khanh Phuong - also the husband of Ms. Vu Thi Thuy); Mr. Trinh Van Ton (Deputy General Director of Nhat Nam Real Estate), Mr. Nguyen Van Duc - General Director of Nam Nhat Khang Joint Stock Company, also a member of the Nhat Nam Real Estate Strategy Board and Mr. Ta Van Trung.

Currently, Nhat Nam Real Estate is also entangled in a scandal, with many investors demanding money related to business cooperation when recently, the Company has not paid profit distribution (including interest and part of principal) on time as committed.

Not only that, the Company also announced the withdrawal of the original contract, requiring the investor to sign an Agreement to terminate the Business Cooperation Contract with Nhat Nam Company to switch to signing under the new legal entity, Song Da Nhat Nam Group Joint Stock Company.

Also related to Song Da 1.01, Nam Nhat Khang Investment Joint Stock Company recently registered to divest all capital at SJC, by selling more than 958 thousand (13.82%) during the period from August 11 to 31, in order to restructure the investment portfolio, through negotiation and order matching methods.

If the transaction is successful, Nam Nhat Khang is no longer a shareholder at SJC.

Not only that, Mr. Pham Khanh Phuong has also registered to sell all of more than 900,000 SJC shares, a ratio of 13.1%. The transaction is for personal use, expected to take place between August 7 and August 31, 2023 in the form of agreement and order matching.

Recently, Song Da 1.01 also issued a document announcing the postponement of the 2nd annual general meeting of shareholders in 2023 on August 27. The reason is that the Board of Directors requested to add more business content. The company is in the process of developing a plan and direction of operations for the Board of Directors to meet and agree on. The specific time for the meeting has not been announced.

Previously, on the afternoon of June 28, SJC held the first 2023 Annual General Meeting of Shareholders but failed because the number of shareholders attending the meeting did not represent more than 50% of the total number of votes.

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