New CEO of Hoa Binh Securities wants to increase ownership of the company to nearly 27%
Having just taken over 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, corresponding to increasing the ownership ratio at Hoa Binh Securities to nearly 27% if successfully implemented.
Mr. Nguyen Phan Trung Kien, General Director of Hoa Binh Securities Joint Stock Company (code HBS - HNX floor), recently registered to buy 8 million HBS shares to increase his ownership ratio.
The transaction is expected to be carried out from August 28 to September 25 through negotiation and order matching. Before the transaction was carried out, Mr. Kien did not hold any HBS shares. If the transaction is successful, the new CEO can increase his ownership of shares in the securities company to nearly 27%. Currently, the largest shareholders of HBS are Mr. Le Dinh Duong (owning 19.72% of charter capital) and Mr. Nguyen Anh Duc (17.58% of charter capital).
Mr. Kien has been holding the position of General Director (CEO) of Hoa Binh Securities since May 6, replacing Mr. Dinh The Loi. Previously, from March to May 2024, he held the position of Deputy General Director of this company. According to the introduction of Hoa Binh Securities, this CEO born in 1982 also held the position of Deputy General Director of the National Securities Company (January 2022 - January 2023) before joining Hoa Binh Securities. Mr. Kien has a bachelor's degree in Economic Mathematics - from the University of Rouen, France.
This securities company recently announced that August 29 will be the last registration date to pay cash dividends in 2023 at a rate of 20% and ask for shareholders' opinions in writing. The ex-rights trading date is August 28.
Hoa Binh Securities will seek shareholders' written opinions on the dismissal and election of additional members of the Board of Directors for the 2023-2028 term. Accordingly, HBS will seek shareholders' opinions on the dismissal of Mr. Le Tien Dung - Vice Chairman, Member of the Board of Directors due to his resignation to arrange personal work. The company will elect to fill this position and the list of candidates/nominees includes Mr. Nguyen Phan Trung Kien. In addition, the company also seeks opinions on the dismissal of Mr. Nguyen Ba Tuan - Member of the Board of Supervisors due to his resignation. The unit elects additional members of the Board of Supervisors and Mr. Truong Duy Phong is on the nomination list.
According to the 2024 semi-annual financial report, the company's operating revenue reached VND17,925 billion, up 2.5% over the same period. Profit after tax was over VND7.1 billion, down 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 held-to-maturity investments (HTM) with VND 340.4 billion (including bank deposits).
HBS is in the group of small securities companies with a capitalization of only VND415.8 billion. On the stock market, HBS shares closed on August 26 at VND12,000/share, an increase of about 46% compared to the beginning of the year.
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