Mr. Tan Bo Quan Andy, new chairman of Bamboo Capital Group - Photo: BCG
Bamboo Capital Group Joint Stock Company (stock code BCG) has just announced the resolution of the board of directors on dismissal and election of the board of directors.
Specifically, the board of directors approved the dismissal of Mr. Kou Kok Yiow (Singaporean) from the position of chairman of the board of directors - who passed away on March 8, 2025. BCG's board of directors also unanimously elected Mr. Tan Bo Quan Andy as chairman of BCG Group.
Mr. Tan Bo Quan Andy is a Singaporean citizen. Born in 1986, Mr. Andy graduated from the National University of Singapore and worked as an investment manager at Standard Chartered. He joined Bamboo Capital in 2016 as an e-commerce project manager.
In the BCG ecosystem, Mr. Andy is the Chairman of the Board of Directors of BCG Land, a member company of Bamboo Capital operating in the real estate sector.
BCG's senior personnel continued to fluctuate as today, BCG announced that two other board members, Mr. Hoang Trung Thanh and Mr. Nguyen Quoc Khanh, submitted their resignations on March 18, ending their roles as board members since March 20.
In his resignation letter, Mr. Hoang Trung Thanh said he left his position "for personal reasons", while Mr. Nguyen Quoc Khanh withdrew from being an independent member of BCG's board of directors to "focus on carrying out new tasks".
Both said they would refuse/abandon participation in all board meetings, refuse to comment on the written request, and "will not have any complaints or grievances" related to remuneration, benefits or participation in meetings.
Previously, at the end of February, Bamboo Capital also received the resignation letter from the position of general director and legal representative of Mr. Nguyen Tung Lam.
Recently, Bamboo Capital Group said that the enterprise has been notified by the competent authority of the decision to prosecute the case and prosecute Mr. Nguyen Ho Nam. Before being prosecuted, Mr. Nam resigned and no longer holds positions in the board of directors, supervisory board and executive board of BCG.
At that time, Mr. Nam said he resigned to hold the position of Chairman of the Strategic Council of Bamboo Capital, and at the same time, Mr. Nam also held the position of Vice Chairman of the Board of Directors of Vietnam Export Import Commercial Joint Stock Bank (Eximbank). However, the extraordinary general meeting of shareholders of Eximbank in 2024 dismissed Mr. Nguyen Ho Nam from the role of Vice Chairman of the Board of Directors.
Going against the stock market's correction trend, BCG shares had a slight increase (0.5%) today, reaching the price range of 4,030 VND.
Thus, Bamboo Capital's stock price has recovered for three consecutive sessions, after being massively sold off when Mr. Nguyen Ho Nam was prosecuted.
In the past month, BCG's market price has lost 36%, and has dropped by 50% in the past year. In the context of falling market prices, Mr. Nguyen Ho Nam was forced to liquidate nearly 11 million shares at the request of the securities company on March 12.
Previously, BCG Vice Chairman Nguyen Thanh Hung also registered to sell 6.5 million BCG shares from March 12 to April 10, with the reason of selling to release mortgages at the request of the securities company.
Source: https://tuoitre.vn/tap-doan-bamboo-capital-co-tan-chu-tich-nguoi-singapore-20250319194116801.htm
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