On the afternoon of October 2, Petrolimex Joint Stock Commercial Bank (PG Bank) announced that the Board of Directors (BOD) had received a resignation letter from Mr. Nguyen Phi Hung from the position of Chairman of the Board of Directors and from the position of member of the Board of Directors for personal reasons. Mr. Hung, born in 1976, is the Chairman of the Board of Directors of PG Bank for the 2020-2025 term.
In mid-September, another leader of this bank, Mr. Nguyen Tien Dung, Vice Chairman of the Board of Directors, also resigned from this position and withdrew from the position of member of the Board of Directors for personal reasons.
The resignations of Mr. Hung and Mr. Dung will take effect after being approved by the nearest general meeting of shareholders.
It is expected that on October 23, PG Bank will hold an extraordinary general meeting of shareholders in 2023 to approve a number of contents such as the plan to change the trade name and head office location; approve the restructuring plan associated with handling bad debts of the bank in the period 2021-2025...
Recently, the structure of major shareholders of PG Bank has changed significantly. In September, Vietnam National Petroleum Group was no longer a major shareholder after transferring 120 million PGB shares, equivalent to 40%. At the same time, 3 companies became major shareholders of this bank, including Gia Linh Import-Export and Trade Development Company Limited; Cuong Phat International Joint Stock Company; Vu Anh Duc Trading Joint Stock Company after holding a total of 40% of the transferred shares.
Regarding PGB stock price, at the end of the trading session on October 2, this stock closed at 28,000 VND.
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