Refrigeration Electrical Engineering Corporation (REE) has just announced that Ms. Nguyen Thi Mai Thanh will no longer hold the position of Chairwoman of the Board of Directors from November 22. Replacing Ms. Thanh in this position is Mr. Alain Xavier Cany, Vice Chairman of the Board of Directors.

Ms. Nguyen Thi Mai Thanh was appointed as General Director, replacing Mr. Nguyen Minh Quang.

As the person who steered the "ship" REE from the very first days until it became a famous corporation as it is today, businesswoman Nguyen Thi Mai Thanh is known by many people.

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Ms. Nguyen Thi Mai Thanh. Photo: REE

In 2014, businesswoman Nguyen Thi Mai Thanh was honored by Forbes Magazine, she ranked 28th in the list of 48 most powerful businesswomen in Asia (ASIA Power Businesswomen) and was one of the 80 richest people on the Vietnamese stock market. In 2020, Ms. Thanh left the position of general director after 30 years of leadership.

Ms. Thanh holds more than 60.4 million shares, equivalent to 12.83%. Mr. Nguyen Ngoc Hai (Ms. Thanh's husband) holds more than 25.7 million shares (nearly 5.46%).

Regarding business activities, in the third quarter of 2024, REE recorded net revenue of VND 2,029 billion, unchanged compared to the same period. Profit after tax reached VND 562 billion, up 20.9% over the previous year.

Accumulated revenue in the first 9 months of 2024, the company reached 6,048 billion VND, down 7% compared to last year. Accumulated profit after tax reached 1,514 billion VND, down 29.4% compared to the same period last year.

Platinum Victory Pte. Ltd, a major shareholder, has just registered to buy an additional 30 million shares from November 22 to December 20. If the transaction is successful, this organization will increase its ownership from 168.2 million to 198.2 million shares.