ANTD.VN - Eximbank plans to continue the extraordinary General Meeting of Shareholders 3 months after the meeting at the end of November to elect additional members of the Board of Supervisors after Mr. Ngo Tony was dismissed.
The Board of Directors of Vietnam Export Import Commercial Joint Stock Bank (Eximbank) has just continued to issue an invitation to an extraordinary General Meeting of Shareholders. According to the notice, the meeting is scheduled to take place on February 26, 2025 in Hanoi.
Participants are shareholders owning shares of Eximbank whose names are on the list on the last registration date of December 26, 2024 provided by Vietnam Securities Depository and Clearing Corporation.
The meeting content is to elect additional members of the Eximbank Board of Supervisors for the 7th term (2020 - 2025) and other contents under the authority of the General Meeting of Shareholders (if any).
In the meeting invitation, Eximbank clearly stated that shareholders or groups of shareholders owning 5% or more of the total number of common shares have the right to propose issues to be included in the agenda of the General Meeting of Shareholders. The written proposal must be sent to the Office of the Board of Directors of Eximbank at least 3 working days before the opening date of the General Meeting of Shareholders.
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Eximbank's extraordinary general meeting of shareholders took place at the end of November, deciding many important issues. |
Previously, the Extraordinary General Meeting of Shareholders on November 28, 2024 of Eximbank approved many important issues, including moving the headquarters from Ho Chi Minh City to Hanoi, dismissing two members of the Board of Directors, Ms. Luong Thi Cam Tu and Mr. Nguyen Ho Nam, and dismissing Mr. Ngo Tony as Head of the Supervisory Board.
However, the General Meeting of Shareholders failed to approve the amendment of the Charter and terminate the investment in the head office in Ho Chi Minh City.
The dismissal of Mr. Ngo Tony from the position of member of Eximbank's Board of Supervisors; the dismissal of Ms. Luong Thi Cam Tu and Mr. Nguyen Ho Nam from the position of member of the Board of Directors were included in the meeting agenda at the request of a group of shareholders owning more than 5% of the total common shares of Eximbank.
At the meeting, Mr. Ngo Tony expressed surprise at the proposal of the major shareholders to dismiss him. He said that he and the members of the Supervisory Board had discovered more than 2,200 risks of the bank, of which 2/3 were high and very high risks. He also affirmed that he had made 8,240 proposals to help protect thousands of billions of VND.
In addition, according to him, Eximbank faces three major problems. One is the decline in asset quality, reflected in bad debt, overdue debt and debt with the possibility of losing capital. The second is that granting new credit "has some issues that need to be discussed". The last is the increase in some high-risk activities.
He affirmed that he had mentioned this to the Executive Board and the Board of Directors many times but had not seen "serious corrective actions". Therefore, he sent a petition letter to the inspection agency, hoping to verify the signs of risk.
"I would like to ask what is the basis for verifying that I abused my power and caused serious impact on Eximbank? Was that basis concluded by the competent authority before being included in the content of my dismissal?", the Head of Eximbank's Supervisory Board asked.
However, Eximbank's General Meeting of Shareholders still approved the dismissal of Mr. Ngo Tony, with 53.85% in agreement, 40.74% in opposition, and 5.36% of shareholders having no opinion.
Regarding the proposal to dismiss Mr. Nguyen Ho Nam and Ms. Luong Thi Cam Tu from the positions of Board members, the approval rate was 53.85%, the opposition rate was 41.23% and 4.87% of shareholders did not give their opinion.
However, two proposals on amending and supplementing the Charter in accordance with the content of changing the location of the Head Office and terminating the investment policy of Eximbank Head Office at 07 Le Thi Hong Gam were not approved. The approval rate of both proposals was 58.73% and the opposition rate was 41.23%.
Because these are important issues, these two contents need to be approved by shareholders representing more than 65% of the total number of voting shares to be passed.
Source: https://www.anninhthudo.vn/eximbank-trieu-tap-dhdcd-bat-thuong-de-bo-sung-ban-kiem-soat-post599667.antd
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