CFO Danh Khoi resigns after a bad business year

On February 19, Danh Khoi Group Joint Stock Company announced the cancellation of information disclosure authorization for Mr. Ho Duc Toan, after he resigned from the position of financial director.

Danh Khoi leaders vote at the 2024 annual general meeting of shareholders - Photo: DK

On February 19, Danh Khoi Group Joint Stock Company (stock code: NRC) sent a notice to the State Securities Commission about canceling the authorization to disclose information for Mr. Ho Duc Toan - Danh Khoi's CFO - from February 19, 2025.

The information announcement will be made by Mr. Trinh Van Bao - Deputy General Director of Danh Khoi.

Previously, Mr. Ho Duc Toan submitted a resignation letter from his role as CFO and the company's board of directors approved the proposal to terminate Mr. Toan's labor contract from February 17. However, Mr. Toan still holds the position of member of Danh Khoi's board of directors.

Mr. Ho Duc Toan was born in 1983, has a master's degree in finance and nearly 20 years of experience in finance, securities and investment. Notably, Mr. Toan only took over as the CFO of Danh Khoi at the end of 2023 and became a member of the board of directors and the person who disclosed information of this real estate company in the middle of last year.

Recently, Danh Khoi has also had a change in senior leadership, when approving the proposal to terminate the labor contract of Mr. Nguyen Huu Quang - Deputy General Director - from January 6. Replacing Mr. Quang in the position of Deputy General Director is Mr. Trinh Van Bao. Before being appointed to this position, Mr. Bao did not hold any position at Danh Khoi Group.

The personnel changes of this real estate company took place in the context of Danh Khoi's not-so-positive business results in 2024. In 2024, Danh Khoi only achieved more than 5.1 billion VND in revenue from brokerage services and other services, while project investment cooperation activities did not generate revenue.

Overall, Danh Khoi's business results were "dismal" as the company reported a net loss of more than VND63 billion. Previously, in 2023, the company only made a profit of nearly VND12 billion, and in 2022, it lost nearly VND73 billion. Thus, Danh Khoi has had two years of losses of tens of billions of VND since going public.

Danh Khoi wants to buy Mr. Dung "lime kiln" project

Danh Khoi is a company that has been participating in the Vietnamese real estate market for nearly 20 years, mainly operating in the field of investment cooperation and real estate brokerage, with businessman Le Thong Nhat as chairman of the board of directors.

Recently, Danh Khoi attracted attention when he wanted to spend 195 billion VND to pay for a part of the project in Dai Nam residential area (Chon Thanh district, Binh Phuoc province), invested by Tan Khai LLC. This is a member of Dai Nam ecosystem of businessman Huynh Uy Dung (Dung "lime kiln").

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Source: https://tuoitre.vn/giam-doc-tai-chinh-danh-khoi-tu-nhiem-sau-nam-kinh-doanh-bet-bat-20250219183905928.htm