Series of TPS leaders resign on the same day

VHO - Tien Phong Securities Company (TPS - stock code: ORS) received the resignation letters of Mr. Le Quoc Hung, Mr. Ta Quang Luong and Ms. Nguyen Thi Le Tung on June 20, one week before the annual shareholders' meeting. These three personnel have all joined the Board of Directors since mid-2024. Previously, on March 18, Mr. Do Anh Tu, Chairman of the Board of Directors, also resigned.

These 3 personnel have all joined the Board of Directors since mid-2024. Illustrative photo

In mid-April, this securities company also dismissed Ms. Bui Thi Thanh Tra from the position of General Director and Legal Representative, citing "changes in organizational structure". Her replacement is Ms. Dang Si Thuy Tam.

This year, TPS expects revenue to reach VND1,379 billion and after-tax profit to reach VND111 billion, down nearly 35% and 71% respectively compared to the same period last year. The company plans to mobilize VND3,000 billion through bonds to restructure debt and increase capital scale.

The company's management expects the stock market to grow strongly in terms of points and liquidity, but competition with companies in the same industry is increasingly fierce and the bond market continues to face many difficulties. This plan is based on consolidating business segments with the principle of prudence, focusing on risk management and capital safety.

In the first quarter of 2025, TPS recorded revenue of VND446 billion, down 7% year-on-year. The company reported a loss after tax of VND7.2 billion, while in the same period it made a profit of more than VND75 billion.

As planned, TPS will hold its 2025 annual general meeting of shareholders on June 27 in Ho Chi Minh City.

At the upcoming Annual General Meeting of Shareholders, TPS plans to submit to shareholders for approval reports on business performance in 2024 and business plan in 2025; report of the Board of Directors on operations in 2024 and orientation for 2025; report of the Board of Supervisors on operations in 2024 and orientation for 2025,...

In addition, TPS's Board of Directors also submitted a report to the 2025 General Meeting of Shareholders on the issuance/offering of bonds with a maximum total limit of VND 3,000 billion in 2025 for the purpose of restructuring bond debt and/or supplementing medium and long-term capital for core business activities.

Source: https://baovanhoa.vn/kinh-te/loat-lanh-dao-tps-tu-nhiem-cung-mot-ngay-145401.html