Vinhomes officially approved the proposal of former chairman Pham Nhat Vuong and replaced the chairman of the board of directors as well as the general director. Pham Nhat Vuong resigned as chairman of Board of Directors of Vinhomes On February 28, Vinhomes, the real estate arm of Vingroup JSC (code VHM on HSX), accepted chairman Pham Nhat Vuong's proposal to resign from his position at Vinhomes and approved the election of Nguyen Dieu Linh, previously general director, as new chairman of the Board of Directors as per the proposal of Vuong. For legal compliance, the board of directors also appointed a new general director to replace Linh. Additionally, the BoD agreed to register these changes in the company business registration certificate. According to Pham Nhat Vuong’s proposal, the board of directors elected Nguyen Dieu Linh as new chairwoman on February 28. Linh has a bachelor's degree in foreign languages. Before joining Vingroup, Linh was a lawyer of Ngo … [Read more...] about Billionaire Pham Nhat Vuong resigns as chairman of Vinhomes
Resign as company director
Las Vegas casino mogul Steve Wynn resigned as finance chairman of the Republican Party’s fundraising arm on Saturday, a day after a newspaper reported that he routinely subjected women who worked for him to unwanted sexual advances. “Today I accepted Steve Wynn’s resignation as Republican National Committee finance chair,” RNC chair Ronna Romney McDaniel said in a statement. The billionaire has denied the accusations published by the Wall Street Journal as “preposterous” and said they were instigated by his ex-wife to seek advantage in their divorce lawsuit. But he said in a statement released on Saturday evening that he was resigning to avoid unnecessary distraction. He also thanked U.S. President Donald Trump for the job. “The unbelievable success we have achieved must continue,” the statement said. “The work we are doing to make America a better place is too important to be impaired by this distraction.” As recently as … [Read more...] about Wynn resigns as RNC finance chair after sexual misconduct allegations
HCM City Electricity Company director retires over meter scam (25-07-2005) HCM CITY — The director of HCM City’s Electricity Company (HEC) announced his resignation on Saturday following media criticism over the company’s purchase and installation of malfunctioning meters. "I regret that the meter issue has caused losses to customers and affected the prestige of the HEC," said company director Le Minh Hoang at a press conference held by Electricity of Viet Nam (EVN) in HCM City on Saturday. The chairman of EVN’s management board, Dang Hung, apologised to customers and pledged to compensate them for all losses. "The leaders of HEC, a subsidiary of EVN, committed errors in purchase and installation of the single-phase electronic meters, resulting in customer protests," Hung said at the press conference. The HEC purchased 312,000 LTE66 electronic meters from Singapore-based Linkton Company and later installed 285,000 meters at customers’ houses. Hung said … [Read more...] about HCM City Electricity Company director retires over meter scam
VietNamNet Bridge Mai Kieu Lien, who is considered the ‘soul’ of Vinamilk, the nation’s leading dairy producer, has officially resigned as chair of the board of directors, though Vinamilk shareholders vowed to veto the dismissal. Mai Kieu Lien is a famous businesswoman not only in Vietnam, but also well known in Asia and the world. CNBC newswire calls Lien ‘Dairy Queen’ and the Vietnamese Margaret Thatcher because the iron woman deserves credit for turning Vinamilk into a strong brand. Meanwhile, Forbes listed Lien as one of the 50 most influential businesswomen in Asia. In fact, the news about Lien’s resignation first appeared in local newspapers three months ago. Opinions from well-informed circles then said that Lien was about to get retired, therefore, she would not be able to represent SCIC (the State Capital Investment Corporation), the biggest shareholder, in Vinamilk. Those who participated at this year’s Vinamilk … [Read more...] about Why did Mai Kieu Lien resign as Vinamilk chair?
Don Lam resigns as non-executive director at VOF Thanh Thuong By Thanh Thuong - The Saigon Times Daily HCMC – Don Lam has resigned from his post as non-executive director at the VinaCapital Vietnam Opportunity Fund (VOF), according to VinaCapital as the fund manager and the fund’s board of directors. The former director has been a member of the board since VOF’s establishment in September 2003 with capital of only US$10 million. VOF as of October this year had the net asset value (NAV) of around US$796 million and is considered as the biggest closed-end fund in Vietnam with diversified and effective investment activities. Steven Bates, chairman of VOF, said Don Lam’s contribution to the development of VOF is huge. However, his decision of withdrawing from VOF’s board of directors is seen as a pledge to enhance independence between VinaCapital and VOF’s board of directors, and from now all members of the board are independent ones. Steven Bates … [Read more...] about Don Lam resigns as non-executive director at VOF