The replacement of the Chairman of 911 Group has been revealed after he passed away before the shareholders' meeting.

(NLDO)- In October, the person who just took the position of Chairman of Group 911 divested more than 600,000 NO1 shares, accounting for more than 2.5% of capital.

After announcing the death of Mr. Luu Dinh Tuan, Chairman of the Board of Directors and Legal Representative of the company, on November 22, right before the company's Extraordinary General Meeting of Shareholders, 911 Group Corporation (stock code: NO1) recently announced a replacement for this position.

Specifically, Ms. Nguyen Thi Thom was appointed as Chairwoman of the Board of Directors and legal representative of the group for the remaining term of 2020 - 2025, effective from November 23.

Regarding the new Chairwoman of 911 Group, Ms. Thom is the sister-in-law of Mr. Luu Dinh Tuan. In October, Ms. Thom divested all of her 600,000 NO1 shares, accounting for more than 2.5% of the capital.

Ms. Thom resigned from the Board of Directors of 911 Group on June 22 because she could not arrange time to undertake the assigned work. Previously, the NO1 leadership also dismissed her from the position of Deputy General Director.

In the newly announced document, 911 Group also appointed Mr. Nguyen Manh Hai and Mr. Nguyen Xuan Thanh as Vice Chairmen of the Board of Directors for the remaining term of 911.

911 stock has increased sharply in recent times.

Previously, this company attracted attention when it announced a cooperation plan with VinFast to deploy a taxi service branded “911 taxi”.

The goal is to develop 200 vehicles by the end of 2024 and expand to more than 2,200 vehicles by the end of 2025. In the first phase, the service will be deployed in Dong Nai and Binh Duong , then expanded to other areas.

At the end of October 2024, the company signed a contract for the purchase and sale of cars and battery rental services with VinFast with a total value of 45 billion VND. The expected implementation time is in the fourth quarter of 2024.

911 Group (911 GROUP.JSC), formerly 911 Foundation Equipment Joint Stock Company, was established on March 22, 2011. Its main business activity is wholesaling machinery, equipment and other machine parts.

911 Group officially successfully issued shares to the public and became a public company with a total charter capital of up to 240 billion VND. The company was officially listed on the Ho Chi Minh City Stock Exchange (HoSE) in the second quarter of 2022.

Mr. Tuan was born in 1979, has been Chairman of the Board of Directors of 911 Group since 2011 and currently owns 5 million NO1 shares, equivalent to 20.83% of capital.

Regarding business results, 911 Group's net revenue in the third quarter of 2024 reached more than VND 226 billion, down 13% over the same period. After deducting expenses, after-tax profit reached nearly VND 5 billion, up 26%.

In the first 9 months of the year, the company achieved revenue of 672 billion VND, an increase of 63%; profit after tax of more than 19 billion VND, an increase of 211% over the same period in 2023, exceeding the whole year plan.

Source: https://nld.com.vn/lo-dien-nguoi-thay-the-sau-khi-chu-chim-tap-doan-911-qua-doi-truoc-them-dai-hoi-co-dong-196241124192516762.htm