The VNECO 9 Investment and Construction Joint Stock Company (stock code VE9) has announced that 4 members of its Board of Directors, including Chairman Nguyen Minh Bien and members Le Duc Trung, Nguyen Thi Ngoc Lan, and Le Quang Liem, have collectively submitted their resignation letters for personal reasons. This resignation comes amid the company facing difficulties, having recorded losses for 6 consecutive years and now having only 5 board members left. The company plans to hold an extraordinary general meeting on July 25 to discuss this matter. In 2024, the company incurred a loss of 239 million VND in the first quarter, despite setting a target profit after tax of over 983 million VND. Additionally, a significant agenda item for the upcoming general meeting is the divestment of VE9’s stake in the geothermal power company LiOA.
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