SHB dismisses a Deputy General Director

Saigon - Hanoi Commercial Joint Stock Bank (SHB) has just sent a document to the Ho Chi Minh City Stock Exchange announcing personnel changes.

Accordingly, the bank has dismissed Ms. Hoang Thi Mai Thao from the position of Deputy General Director for personal reasons from October 11, 2024.

SHB dismissed Ms. Hoang Thi Mai Thao from the position of Deputy General Director.

Information on SHB website name, Ms. Thao was born in 1973, Master's degree in Economics, Banking Academy.

She has worked at SHB since 2010 and was appointed Deputy General Director in charge of business, Director of Retail Banking Division and Member of the Board of Directors of SHB Finance from January 8, 2021 to present.

She used to hold the positions of Chairwoman of the Board of Members of SHB Finance, Director of Support Division; Director of SHB Capital Division; Director of VPBank Branch,... and has 31 years of experience in the field of banking and finance.

Currently, SHB's Board of Directors has a total of 8 members, with Ms. Ngo Thu Ha, Member of the Board of Directors and General Director.

Thus, after dismissing Ms. Thao, the bank's Board of Directors will have 7 members left.

In a recent development, SHB announced the Board of Directors' Resolution approving the implementation of the plan to issue bonds to the public in 2024 and detailed plans to use and repay capital raised from the bond offering.

Accordingly, the bank plans to mobilize VND5,000 billion in bonds in two tranches, with the face value of each tranche being VND2,500 billion.

The expected issuance date is from the fourth quarter of 2024 to the first quarter of 2025 after the State Securities Commission issues the Certificate of registration for public bond offering. The specific issuance date will be announced by the bank.

According to SHB, the proceeds from the two bond issuances will be used to supplement Tier 2 capital, improve capital adequacy ratio, and serve the bank's customer lending needs in 2024 and the following years for industries and sectors such as processing and manufacturing industries...

On the stock market, at the end of the session on October 11, SHB shares increased by 0.47% compared to the previous session to VND 10,800/share with a trading volume of more than 9.6 million units.

Over the past month, SHB stock price has increased by 4.85% from the reference price of VND 10,300 with an average trading volume of more than 17.8 million units/day.

Source: https://www.nguoiduatin.vn/shb-mien-nhiem-mot-pho-tong-giam-doc-204241011160011256.htm