Before the General Meeting of Shareholders, many leaders of Saigon Shipping Company resigned.

The Chairman of the Board of Directors, members of the Board of Directors and members of the Board of Supervisors of Saigon Shipping Company all submitted their resignations before the 2024 Annual General Meeting of Shareholders.

Recently, Saigon Shipping Joint Stock Company (stock code: SGS) announced that it had received resignation letters from the company's leaders.

Specifically, Mr. Le Minh, Chairman of the Board of Directors of SGS, submitted his resignation as a member of the Board of Directors for the reason of resolving family matters. Ms. Huynh Nhu Y, a member of the Board of Directors of the company, submitted her resignation for personal reasons and as assigned by the nominated shareholder. Ms. Nhu wants to resign from her position from July 10.

Not long before, Ms. Duong Thi Kim Kieu, a member of the Board of Supervisors, also submitted her resignation due to family circumstances and health reasons that could no longer ensure her ability to undertake the assigned work. Currently, she has had to return to her hometown to stabilize her life.

Mr. Pham Van Huong, General Director of the company, also submitted his resignation from his position from June 20, 2024 for the reason of changing the company.

Thus, in just a short time, 4 key leaders of Saigon Shipping have submitted their resignations. It is worth mentioning that the senior leaders of this enterprise resigned simultaneously before the company's General Meeting of Shareholders scheduled to take place in early July.

Ms. Duong Thi Kim Kieu has submitted her resignation letter three times. The first time was on May 25, 2022, Ms. Kieu submitted her resignation letter but it was not approved. In June 2022, she continued to submit her resignation letter. But in September 2023, the Court annulled the Resolution of the 7/2022 Shareholders' Meeting of Saigon Shipping, so she still could not resign.

Regarding business activities, in the first quarter of 2024, Saigon Shipping Company recorded sales and service revenue of VND 49 billion. Cost of sales increased from VND 34.4 billion to VND 37.8 billion. Gross profit from sales and service provision decreased sharply by 33% to VND 11.2 billion.

The company's financial operating revenue in the quarter increased from VND999 million in 2023 to VND1.65 billion.

After deducting expenses, the company earned a profit of VND 7.6 billion, down 35% compared to the same period in 2023. Explaining the sharp decrease in profits, the company said the main reason was a decrease in agency, warehouse and yard activities. At the same time, other profits also decreased by nearly VND 68 million.

It is known that at present, the Company has a charter capital of 144.2 billion VND. The enterprise has 2 major shareholders, Saigon Transport Mechanical Corporation - LLC (SAMCO) is a State shareholder holding 51% of capital. SAMCO operates in many fields, in which the main industry is the production of mechanical products for transportation and the provision of high-quality transportation services.

The remaining major shareholder is Global Logistics Services Company Limited, which holds 37.42% of the capital. The company specializes in providing sea, road, air and multimodal transport services with a branch system covering all major cities, airports and seaports in Vietnam.

Source: https://baodautu.vn/truoc-them-dhdcd-nhieu-lanh-dao-cong-ty-van-tai-bien-sai-gon-xin-tu-nhiem-d217841.html