NSH Petro has new Australian General Director and Deputy General Director

The Board of Directors of Nam Song Hau Petroleum Investment and Trading Joint Stock Company approved the Resolution appointing Mr. Ranjit Prithviraj Thambyrajah as General Director of NSH Petro from April 26, 2024.

On April 25, Mr. Mai Van Huy, Chairman of the Board of Directors of Nam Song Hau Petroleum Investment and Trading Joint Stock Company (NSH Petro; Stock code: PSH) signed and issued Resolution No. 02.2504/2024/NQ-NSH of the Company's Board of Directors approving the appointment of Mr. Ranjit Prithviraj Thambyrajah (Australian nationality) as General Director of NSH Petro from April 26, 2024.

New General Director of NSH Petro Ranjit Prithviraj Thambyrajah (3rd from right), new Deputy General Director Nguyen Viet Anh (2nd from right) at the Loan Approval Signing Ceremony between NSH Petro and Acuity Funding

At the same time, the Board of Directors of NSH Petro also approved the appointment of Mr. Nguyen Viet Anh as Deputy General Director in charge of financial investment of NSH Petro from April 26, 2024. Mr. Nguyen Viet Anh's main tasks are internal control, capital arrangement, effective allocation and use of capital at the Company and projects, and proposing plans and strategies for capital development.

Mr. Ranjit Prithviraj Thambyrajah, born in 1960, Australian nationality, is currently Chairman and CEO of Acuity Funding; Mr. Nguyen Viet Anh, born in 1982, also holds Australian nationality.

Previously, on February 27, 2024, at the headquarters of Hau Giang Provincial People's Committee, the Loan Approval Signing Ceremony took place between Nam Song Hau Petroleum Investment Trading Joint Stock Company and Acuity Funding.

Attending the ceremony were Chairman of Hau Giang Provincial People's Committee Dong Van Thanh, Permanent Vice Chairman of Hau Giang Provincial People's Committee Truong Canh Tuyen, Vice Chairman of Tra Vinh Provincial People's Committee Nguyen Quynh Thien, Mr. Dominic Balasuriya, Economic Consul - Consulate General of Australia in Ho Chi Minh City...

Accordingly, Acuity Funding agreed to finance development investment capital related to 8 component projects of NSH Petro, divided into 2 phases.

During the signing ceremony of loan contracts for phase 1, Acuity Funding arranged capital for NSH Petro's operating projects with the purpose of disbursing to pay off bank debts, tax debts, providing working capital, upgrading and expanding operations of existing facilities for 3 projects in Mai Dam (Hau Giang), Go Cong (Tien Giang), Tra Noc (Can Tho), with a total capital of about 290 million USD.

In phase 2 (implemented immediately after phase 1), Acuity Funding continues to provide capital for NSH Petro to implement 5 projects to build new factories in Tien Giang, renovate Nam Viet Cai Rang factory (Can Tho), increase working capital, support the completion of mixed projects in Dong Phu (Hau Giang) and Phong Dien (Can Tho) with a total capital of about 430 million USD.

These credit financing packages implemented in 2024 are stable and long-term, up to 20 years with a preferential extension period of up to 3 years, ensuring a solid foundation and opening up new, stronger development opportunities for NSH Petro.

At the same time, Acuity Funding also contributes management experience, brings advanced technology and becomes a strategic shareholder of NSH Petro to accompany the goal of sustainable development, bring benefits to the community and reduce emissions, and switch to green energy.

Source: https://baodautu.vn/nsh-petro-co-tan-tong-giam-doc-va-pho-tong-giam-doc-nguoi-uc-d213858.html