The Police Department investigating crimes of corruption, economics , and smuggling announced on the afternoon of July 7 that it had prosecuted Mr. Do Anh Tu, former Vice Chairman of the Board of Directors of Tien Phong Commercial Joint Stock Bank, former Chairman of Tien Phong Securities Company (stock code ORS) for fraud and appropriation of property. Mr. Do Anh Tu resigned from Tien Phong Securities and Tien Phong Bank on March 18 for personal reasons.
Tien Phong Securities Company has elected a new Chairman of the Board of Directors to replace Mr. By Anh Tu.
PHOTO: ORS
At the 2025 Annual General Meeting of Shareholders held at the end of June, Tien Phong Securities dismissed 5 members of the Board of Directors, including Mr. Do Anh Tu, and elected 3 new members, including Mr. Nguyen Hong Quan, Mr. Tran Quang Huy and Ms. Dang Thi Bich Thuy. Of which, Mr. Nguyen Hong Quan - who has just left the position of Deputy General Director of TPBank - officially assumed the position of Chairman of the Board of Directors, replacing Mr. By Anh Tu.
The high-level personnel changes at Tien Phong Securities have occurred since the beginning of the year, right after the Hanoi Stock Exchange requested the temporary suspension of trading of 5 bonds related to Bamboo Capital Group - for which the company is the issuing consultant, transfer agent, depository agent and representative of bondholders. These bonds have a total outstanding debt of VND8,990 billion.
Last year, Tien Phong Securities achieved revenue of VND2,106 billion and after-tax profit of over VND379 billion. For the whole year of 2025, the company aims to achieve lower revenue of VND1,379 billion and after-tax profit of VND111 billion. At the recent Annual General Meeting of Shareholders, the company's leaders said that fluctuations related to the BCG group's bond packages have significantly affected bondholders, investors and customers, thereby indirectly affecting the company's operations. However, given the current difficulties, the company cannot set a strong growth target. The direction in the coming time is to consolidate the team, enhance risk management, and promote business activities.
ORS shares of Tien Phong Securities Company have plummeted since mid-March and are currently around VND9,450, down nearly 35% after 3 months.
Source: https://thanhnien.vn/chung-khoan-tien-phong-da-co-chu-tich-moi-thay-the-ong-do-anh-tu-185250708085403331.htm
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