Loc Phat Vietnam Commercial Joint Stock Bank (LPBank - HoSE: LPB) has just announced the Board of Directors' Resolution on approving the election of additional members to the Board of Directors.
Accordingly, the bank plans to elect 2 additional independent members to the Board of Directors, bringing the total number of Board members to 9, including 3 independent members.
The list of candidates for the Board of Directors for the 2023 - 2028 term includes two individuals: Ms. Vuong Thi Huyen and Mr. Yew Teong Soon Alan.
According to information provided by LPBank, Ms. Vuong Thi Huyen was born in 1974, has a Bachelor's degree from the Banking Science Training and Research Center (now the Banking Academy); a Bachelor's degree from Hanoi University of Foreign Languages; and a Master's degree in Business Administration from Columbia Southern University.
Ms. Huyen has 28 years of experience in the banking and finance sector. Before being nominated as a member of LPBank's Board of Directors, she held many important positions at ANZ Bank Hanoi Branch, Credit Agricole Investment and Corporate Bank, Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank)...
From 2012 to 2019, Ms. Huyen held many positions at Vietnam International Commercial Joint Stock Bank (VIB). The highest position she held at VIB was Deputy General Director and Director of Corporate Banking. From 2019 to present, Ms. Huyen is Chairwoman of the Board of Directors and General Director of Fast Capital Solutions Joint Stock Company.
Mr. Yew Teong Soon Alan was born in 1971, has a Bachelor of Economics (Accounting) from Monash University. Mr. Alan has 30 years of experience in the banking and finance sector.
From February 2023 to present, he is a Senior Consultant for the Financial Institutions Group, Upstream, East Asia and Asia Pacific - International Finance Corporation (World Bank Group). From December 2023 to present, he is an Independent Member of the Board of Directors of LPBank Securities JSC (LPBS).
Mr. Yew Teong Soon Alan (Photo: LPBS).
In addition to the above content, LPBank plans to invest a maximum of 5% of FPT's charter capital at the time of implementation and execution of the share purchase transaction, and the total investment value shall not exceed the permitted investment ratio as prescribed by law.
The expected time for implementing the share purchase is in 2024, 2025 or at a suitable time after approval from competent state agencies, legal regulations and actual situation.
In addition, LPBank's Board of Directors also considered submitting to the General Meeting of Shareholders for approval an adjustment to the plan to increase charter capital in 2024 through the form of issuing shares to pay dividends. The source of funds will be taken from undistributed profit after tax in 2023 with an expected dividend payout ratio of 16.8%. If this plan is approved, the bank's charter capital will increase from VND 25,576 billion to more than VND 29,873 billion.
Previously, on the evening of September 21, LPBank announced information about changing the time to hold the 2024 Extraordinary General Meeting of Shareholders.
Accordingly, the bank will postpone the extraordinary shareholders' meeting from September 22, 2024 to November 15, 2024. The expected venue is still on the 4th floor, LPB Tower, 210 Tran Quang Khai, Hoan Kiem District, Hanoi. The reason for changing the time of the shareholders' meeting given by LPBank is for the Board of Directors to complete the documents submitted to the meeting.
Source: https://www.nguoiduatin.vn/lo-dien-2-ung-vien-tham-gia-vao-hdqt-lpbank-204240923113644364.htm
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