GELEX senior personnel suddenly appeared at FPT Telecom

FPT Telecom has just nominated the Deputy General Director of GELEX Group Joint Stock Company to the Board of Directors for the 2023-2028 term.

AnFPT Telecom transaction store - Photo: FPT Telecom

FPT Telecom Joint Stock Company - FPT Telecom (FOX) has just announced documents for the 2025 extraordinary general meeting of shareholders.

According to the content presented to shareholders, the Board of Directors (BOD) of FPT Telecom will consider dismissing and electing additional members of the Board of Directors and Supervisory Board for the 2023 - 2028 term.

A notable point in the nomination list is the appearance of senior personnel from GELEX Group Joint Stock Company (GELEX).

The list of nominees for the Board of Directors includes Mr. Nguyen Trong Trung, Deputy General Director of GELEX. Mr. Trung is also the General Director of GELEX Electric Joint Stock Company, and a senior advisor to Global Technology and Telecommunications Corporation (GTEL).

The nomination list also includes Mr. Vo Manh Cuong, Director of GTEL Telecommunications Service Center; and Mr. Nguyen Hoang Linh, General Director of FPT Telecom. Ms. Luu Nguyen Kim Thoa, Head of GTEL Finance and Accounting Department, was nominated to the Board of Supervisors.

The Board of Directors also proposed to shareholders to dismiss Ms. Tran Thi Hong Linh and Mr. Phan The Thanh, both members of the Board of Directors, along with Mr. Do Xuan Phuc, a member of the Supervisory Board. All three submitted their resignations effective July 16, 2025.

This is the first shareholders' meeting since the Ministry of Public Security became the representative agency of the State capital ownership at FPT Telecom.

Previously, on July 16, the Ministry of Public Security received the right to represent capital from the State Capital Investment Corporation (SCIC).

On November 14, Vietnam Securities Depository (VSDC) also announced information adjustment for 370,669,546 unregistered FOX shares, officially transferring the capital representation rights from SCIC to the Ministry of Public Security. At the time of handover, SCIC held 50.2% of capital, while FPT Corporation owned 45.7%.

As planned, the congress will take place from 9:00 to 11:30 on December 24, 2025 in Hanoi.

Regarding business activities, FPT Telecom recorded net revenue in the third quarter of nearly VND4,930 billion, up 8% over the same period. Pre-tax profit reached VND1,132 billion, up nearly 25%. In the first 9 months, this enterprise achieved net revenue of VND14,287 billion, up 12% over the same period. Pre-tax profit reached VND3,228 billion, up 21%, equivalent to 77% of the yearly plan.

In the market, FOX's market price ended on December 2 at VND61,300/share, down more than 5% compared to the beginning of the year. However, compared to the peak on July 22, FOX's stock price decreased by nearly 23%.

Nhat Quang

Source: https://tuoitre.vn/nhan-su-cap-cao-gelex-bat-ngo-xuat-hien-tai-fpt-telecom-2025120219523091.htm