New CEO of Hoa Binh Securities wants to increase ownership of the company to nearly 27%

The new CEO of Hoa Binh Securities wants to increase his ownership in the company to nearly 27%.

Having just assumed the position of CEO of Hoa Binh Securities in May 2024, Mr. Nguyen Phan Trung Kien wants to register to buy 8 million HBS shares, which would increase his ownership stake in Hoa Binh Securities to nearly 27% if the transaction is successful.

Mr. Nguyen Phan Trung Kien, General Director of Hoa Binh Securities Joint Stock Company (HBS – HNX exchange), recently registered to buy 8 million HBS shares to increase his ownership stake.

The transaction is expected to be carried out from August 28th to September 25th through negotiated and matched orders. Prior to the transaction, Mr. Kien did not hold any HBS shares. If successful, the new CEO could increase his ownership in the securities company to nearly 27%. Currently, the largest shareholders of HBS are Mr. Le Dinh Duong (owning 19.72% of the charter capital) and Mr. Nguyen Anh Duc (17.58% of the charter capital).

Mr. Kien assumed the position of CEO of Hoa Binh Securities on May 6th, replacing Mr. Dinh The Loi. Prior to that, from March to May 2024, he served as Deputy CEO of the company. According to Hoa Binh Securities' introduction, this CEO, born in 1982, also previously held the position of Deputy CEO of Vietnam Securities Corporation (January 2022-January 2023) before joining Hoa Binh Securities. Mr. Kien holds a Bachelor's degree in Mathematical Economics from the University of Rouen, France.

This securities company recently announced that August 29th will be the last registration date for the payment of the 2023 cash dividend at a rate of 20% and for obtaining shareholder approval in writing. The ex-dividend date is August 28th.

Hoa Binh Securities will seek shareholder approval in writing regarding the dismissal and election of new members to the Board of Directors for the 2023-2028 term. Accordingly, HBS will seek shareholder approval to dismiss Mr. Le Tien Dung – Vice Chairman and Member of the Board of Directors – due to his resignation request for personal reasons. The company will elect a replacement for this position, and Mr. Nguyen Phan Trung Kien is on the list of candidates/nominations. In addition, the company will also seek shareholder approval to dismiss Mr. Nguyen Ba Tuan – Member of the Supervisory Board – due to his resignation. The company will elect a new member to the Supervisory Board, and Mr. Truong Duy Phong is on the list of nominees.

According to the 2024 semi-annual financial report, the company's operating revenue reached VND 17,925 billion, an increase of 2.5% compared to the same period. Net profit after tax was over VND 7.1 billion, a decrease of 21% compared to the first half of 2023.

As of June 30, 2024, Hoa Binh Securities' total assets reached VND 430 billion, a slight increase of 1.3% compared to the beginning of the year. The company's assets are mainly in the category of investments held to maturity (HTM) with VND 340.4 billion (including bank deposits).

HBS is among the smaller securities companies with a market capitalization of only 415.8 billion VND. On the stock market, HBS shares closed the August 26th trading session at 12,000 VND per share, representing an increase of approximately 46% compared to the beginning of the year.

Source: https://baodautu.vn/tan-ceo-chung-khoan-hoa-binh-muon-nang-so-huu-cong-ty-len-gan-27-d223400.html